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718. News: The ultimate Silicon Valley Bank explainer

Fintech Insider Podcast by 11:FS

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The FDIC Guaranteed All of the Uninsured Deposits at SVB

There was concern over the weekend that if there were runs on additional banks, they too would be in a very challenging liquidity situation. That's when you started to hear words tossed around like contagion. So not, I think, to anyone's surprise, the FDIC, the Federal Reserve and the Treasury Department put out a joint announcement on Sunday night where they said that they would be essentially guaranteeing all of the insured deposits at Silicon Valley Bank.

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