Credit Suisse / UBS Shotgun Marriage
The Young Investors Podcast
00:00
The FDIC's Protection of Deposits
The FDIC, the Federal Deposit Insurance Corporation is what it stands for. So deposits, the first $250,000 worth of funds are insured. But 95% of SVB's deposits were not insured under this FDIC protection rule. Hamish: One of the main problems with SVP and why it could topple so quickly is because instead of having millions of everyday American clients, they focused in on a niche.
Transcript
Play full episode
