Re:Yellen says government will help SVB depositors but rules...
by kentonv on Sunday March 12, 2023 @01:45PM
(#35123425)
Yes, the limit seems especially poorly-suited to businesses.
Though, there do exist meta-banks that split funds across multiple other bank accounts in order to achieve higher FDIC limits. Maybe we'll start seeing more of these.
Otherwise, I think the FDIC needs to revise the rules.
Though, there do exist meta-banks that split funds across multiple other bank accounts in order to achieve higher FDIC limits. Maybe we'll start seeing more of these.
Otherwise, I think the FDIC needs to revise the rules.