Re:Silicon Valley Bank’s shares are tanking as a mess unfolds
by object-a on Thursday March 09, 2023 @08:34PM
(#35089360)
FWIW, Mercury and Brex are not banks.
Mercury provides services and a frontend, but their banking services are provided by Choice Financial and Evolve.
Brex is also not bank. The Brex business account is an FDIC Sweep account, which constantly moves your balances across multiple banks to keep you within the FDIC limits.
Mercury provides services and a frontend, but their banking services are provided by Choice Financial and Evolve.
Brex is also not bank. The Brex business account is an FDIC Sweep account, which constantly moves your balances across multiple banks to keep you within the FDIC limits.