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AJ Bell Money & Markets
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The FSCS Is Being Urgently Reviewed After the Rapid Failure of Silicon Valley Bank
The FSCS deposit guarantee currently stands at £85,000 for cash in the bank or for your investments. It is being urgently reviewed after that rapid failure of Silicon Valley bank you mentioned last month when billions were withdrawn from SVP's UK subsidiary overnight. Regulators are said to be worried that the current limit only covers about two thirds of deposits held in accounts in the UK.
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