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A comment on J.P. Morgan Analyst on Silicon Valley Bank Failure [pdf]. Parent comment
In this case, depositors lost access to their money in the middle of Friday morning and will have access to their insurances deposits Monday morning.
So a very brief outage in the typical case. And about five or so extra hours in the SVB case. An FDIC takeover is efficient and well oiled.
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In this case, depositors lost access to their money in the middle of Friday morning and will have access to their insurances deposits Monday morning.
So a very brief outage in the typical case. And about five or so extra hours in the SVB case. An FDIC takeover is efficient and well oiled.