Re:Bank Run at Silicon Valley Bank
by TMWNN on Thursday March 09, 2023 @05:52PM
(#35087971)
>The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category
My understanding is that this might cause an unwelcome surprise to (for example) someone with a personal account at Bank A, and a sweep account at Brokerage P that sends its funds into accounts at Banks A, B, and C.
My understanding is that this might cause an unwelcome surprise to (for example) someone with a personal account at Bank A, and a sweep account at Brokerage P that sends its funds into accounts at Banks A, B, and C.