Saturday, January 18, 2025

Tag: BREAKING – U.S. Treasury Steps In – All SVB Depositors Will Have Access to Their Money on Monday

BREAKING – U.S. Treasury Steps In – All SVB Depositors Will Have Access to Their Money on Monday

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    from The Conservative Treehouse:

    BREAKING NEWS – The U.S. Treasury, Federal Reserve Board, FDIC and Joe Biden collectively announce that *all* depositors with Silicon Valley Bank (SVB) will have access to their funds – regardless of amount deposited.  Also, all senior bank management has been terminated.

    This announced action appears to cover those under FDIC protection ($250k or less) and those above FDIC protection (deposits greater than $250k).  The only vulnerability is that SVB “shareholders and certain unsecured debtholders will not be protected.”