News for hackers. Stuff that matters.
Re:Yellen says government will help SVB depositors but rules... by nradov on Sunday March 12, 2023 @06:41PM (#35127322)
Yes, if the bank isn't acquired then the assets will be liquidated and depositors will receive most of the proceeds. They are relatively senior in a bankruptcy process.
Re:Yellen says government will help SVB depositors but rules... by girvo on Sunday March 12, 2023 @08:29PM (#35128856)
Right, that makes sense to me. So I guess I'm confused by the other commenters suggesting that depositors should only receive the $250,000 and no more. What are they proposing happens to the remaining money?