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SVB Financial Files for Bankruptcy

Bloomberg Tech

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Are You FDIC Insured?

It is 917 local time on Friday, 1217 in New York at this moment. Give me a dollar value for the business that you've brought in this week. It's been above two billion so far. And then that equates to deposits or? Yes, and deposits. Okay. I'm just interested as to now insurance. Everyone must be coming to you saying, am I FDIC insured? And when you go to the website, it shows that actually you can be insured up to 5 million in terms of deposits. Yeah. So we're not a bank. So we don't take these deposits and lend them out. We work with our partner banks and they have a network

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