How safe is my money in a US bank, and what happened with SVB depositors?
While individuals are at risk of losing their money above the deposit insurance limit if a bank fails, the FDIC frequently arranges the sale of an ailing lender to a peer institution, which would then take over all the deposits.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
