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Coin Edition 2023-03-11 12:44:00

FDIC Forms Deposit Insurance for Troubled Crypto Start-up Lender SVB

On Friday, Silicon Valley start-ups lender, SVB Financial Group, was closed by the California Department of Financial Protection and Innovation and transferred to the Federal Deposit Insurance Corporation (FDIC). According to an official statement, the FDIC told insured depositors they would have full access to their insured deposits, but it is still unclear how many The post FDIC Forms Deposit Insurance for Troubled Crypto Start-up Lender SVB appeared first on Coin Edition .

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