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What should you do if your bank closes down? People have questions after Silicon Valley Bank collapse.

Por: MarketWatch Business March 11, 2023

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The FDIC is a U.S. government corporation that insures money deposited in commercial banks and savings banks. The bank’s parent group, SVB Financial Group lost a record 60% of its value on Thursday, after reporting losses of $1.8 billion from securities sales, cutting its full-year guidance, and announcing plans for a $2.25 billion equity offering. The stock was halted premarket Friday amid reports the company is seeking a buyer. See also: The... + full article



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