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Coin Edition
2023-03-13 08:41:57

FDIC Races to Liquidate Assets for Uninsured SVB Deposits by Monday

FDIC Races to Liquidate Assets for Uninsured SVB Deposits by Monday

According to a report on Bloomberg, US authorities in charge of the emergency split of Silicon Valley Bank (SVB) Financial Group are working around the clock to liquidate assets and make uninsured customers’ deposits available as soon as Monday. The report noted that the first payout, which is still up in the air, would help The post FDIC Races to Liquidate Assets for Uninsured SVB Deposits by Monday appeared first on Coin Edition .

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