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A comment on FDIC Takes over Silicon Valley Bank. Parent comment

Re:FDIC Takes over Silicon Valley Bank by rcme on Friday March 10, 2023 @01:33PM (#35098815)
> No, FDIC means you get paid up to $250,000 per insured account immediately Any amount over that you are not guaranteed to be able to withdraw.

The first half is what FDIC insurance means. The FDIC helps distressed banks in a variety of ways, including insuring deposits under $250K, but typically all depositors are made mostly whole again.

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Re:FDIC Takes over Silicon Valley Bank by aioprisan on Friday March 10, 2023 @01:39PM (#35098914)
> but typically all depositors are made mostly whole again

Typically, but no guarantee. And on what time frame, nobody knows.

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Re:FDIC Takes over Silicon Valley Bank by mixdup on Friday March 10, 2023 @02:01PM (#35099269)
Typically the FDIC finds another institution to buy the distressed bank, and backstops losses on bad assets. They were not able to do that in this case

I suspect many depositors will be taking losses in this failure

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Re:FDIC Takes over Silicon Valley Bank by pirate787 on Friday March 10, 2023 @02:45PM (#35099824)
IndyMac depositors got 50 cents on the dollar above the insured amount in the 2008 collapse.

https://www.ocregister.com/2009/03/20/depositor-losses-final...

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