Good news. See link to other SVB related post on Saul’s discussion board.
In a joint statement Sunday, Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell and Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg said the FDIC will make SVB and Signature’s customers whole. By guaranteeing all deposits – even the uninsured money that customers kept with the failed banks – the government aimed to prevent more bank runs and to help companies that deposited large sums with the banks to continue to make payroll and fund their operations.
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BILL.com discusses impact of SVB closure
discussion.fool.com
](BILL.com discusses impact of SVB closure - #9 by sjo)