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SVB - Shutdown by Regulators....only $250k per account is insured! (www.cnbc.com)

posted 1 year ago by MindlessRationality 1 year ago by MindlessRationality +15 / -0

Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis

The tech-focused bank was closed by regulators on Friday after attempts to raise more capital failed.

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– greenspotbikes 1 point 1 year ago +1 / -0

$250k/account is insured if the bank acted in a reasonable manner.

If a bank invested in very speculative investments like Crypto or SPACS, that $250k/account can be decreased.

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– greenspotbikes 1 point 1 year ago +1 / -0

https://cointelegraph.com/news/sen-warren-calls-out-sham-audits-while-svb-threatens-crypto-bankruptcy

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