Re:Joint Statement by the Department of the Treasury, Federa...
by tome on Sunday March 12, 2023 @08:17PM
(#35128707)
> Except people that owned T-Bills that they bought through SVB also lost access to their money.
I don't think that's the case, though I may be wrong and would appreciate correction if so. Anyone who held T-Bills at SVB as a broker should have been able to transfer them to another broker at no loss (but at a small delay), and the remaining $250k in their checking account should have been available within one business day.
I don't think that's the case, though I may be wrong and would appreciate correction if so. Anyone who held T-Bills at SVB as a broker should have been able to transfer them to another broker at no loss (but at a small delay), and the remaining $250k in their checking account should have been available within one business day.