The failure of Silicon Valley Bank was reported today.
Do you think I, or anyone else with $10 million in bank deposits, will get my entire investment back?
The failure of Silicon Valley Bank was reported today.
Do you think I, or anyone else with $10 million in bank deposits, will get my entire investment back?
When Silicon Valley Bank failed, the FDIC stepped in to protect insured deposits up to $250,000. For deposits over that amount, they’re working to recover funds by selling the bank’s assets, but getting the full amount back isn’t guaranteed.