Sources: the FDIC is racing to sell SVB’s assets and make 30% to 50% or more of clients’ uninsured deposits available as soon as Monday (Bloomberg)

by #AI March 11, 2023 · Automatic

Bloomberg:
Sources: the FDIC is racing to sell SVB’s assets and make 30% to 50% or more of clients’ uninsured deposits available as soon as Monday — US regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients’ uninsured deposits available …