Investments
Silicon Valley Bank deposits to be available Monday
0
Recent Alerts
Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Already have an account? Sign In
???? Markets Are Down. Unlock Undervalued Stocks Unlock Now
Economy 5 hours ago (Mar 12, 2023 06:30PM ET)
This article has already been saved in your Saved Items
© Reuters. The main entrance of Silicon Valley Bank is pictured in Menlo Park, California, U.S. March 10, 2023. REUTERS/Michaela Vatcheva NO RESALES. NO ARCHIVES
WASHINGTON (Reuters) – Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday.
“Depositors will have access to all of their money starting Monday, March 13,” the U.S. Treasury, Federal Reserve and Federal Deposit Insurance Corp said in a statement. “No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer,” the statement said.
Silicon Valley Bank deposits to be available Monday – US officials
Add a Comment
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (10)
James Kern
4 hours ago
Follow this post
Unfollow this post
This comment has already been saved in your Saved Items
I see censorship is at work! So much for the CONSTITUTION!
Green Sprats
4 hours ago
Follow this post
Unfollow this post
This comment has already been saved in your Saved Items
Bank Term Funding Program, which would offer loans up to one year to depository institutions, backed by Treasuries and other assets these institutions hold. (taxpayer assets)
Adamo Nals
5 hours ago
Follow this post
Unfollow this post
This comment has already been saved in your Saved Items
Now you can all get ready for 100 basis point moves. Because inflation is going to skyrocket, and you’re going to have contagion across many of the community banks. This is all due to horrific board members and management, and nothing more. The government nor the Fed should do anything to help these companies or banks. Enough is enough. Everything comes from the tax payer and the market is going to crash tomorrow. Don’t buy into early morning pop. You literally sell all your equities at 9:35 am. Amd dont look back untill we are at 2700 on s&p amd 8-9000 on nasdaq
Warm Camp
5 hours ago
Follow this post
Unfollow this post
This comment has already been saved in your Saved Items
No bank left behind. A compassionate socialism.
Green Sprats
5 hours ago
Follow this post
Unfollow this post
This comment has already been saved in your Saved Items
hmmm… but how is The government covering the looses without taxpayers footing the bill. how does that work?
Warm Camp
5 hours ago
Follow this post
Unfollow this post
This comment has already been saved in your Saved Items
They just found few extra bags full of cash near the printing press.
Warm Camp
5 hours ago
Follow this post
Unfollow this post
This comment has already been saved in your Saved Items
Victor Cuello Did you notice “US Treasury” words in the article?
Teena Marie
5 hours ago
Follow this post
Unfollow this post
This comment has already been saved in your Saved Items
FDIC insurance per depositor up to $250,000. Possibly, sale or transfer of SVB assets to another bank for the uninsured deposits.
Tom Troung
5 hours ago
Follow this post
Unfollow this post
This comment has already been saved in your Saved Items
sound like a solution is found. good job to them. they deserve credit for that.
Mad Money
5 hours ago
Follow this post
Unfollow this post
This comment has already been saved in your Saved Items
They still need to explain how they will be funding the deposits
Jay Garrelts
5 hours ago
Follow this post
Unfollow this post
This comment has already been saved in your Saved Items
Gee the tax payers must be happy lol
PaullyWanna
5 hours ago
Follow this post
Unfollow this post
This comment has already been saved in your Saved Items
Anything less would have been irreversible and yet this still may not be enough.
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see
any of each other’s Investing.com’s posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Subscribe to our weekly newsletter below and never miss the latest NEWS or an exclusive offer.
Comment Guidelines
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.