Silicon Valley Bank Deposits: Over 93% Uninsured by FDIC. Protect Your Funds with Insured Deposits.
By User21 - March 12, 2023 4:15 pm
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be left with nothing, as the fdic only covers up to $250,000 per account. This incident serves as a reminder to always check if your bank is fdic-insured and to spread out your deposits if necessary. As for the banks, it’s crucial for them to learn from this and properly manage their risks, especially in a volatile market. With the current economic climate, it’s important for both individuals and institutions to stay informed and make smart financial decisions.

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