Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo...
by politician on Monday March 13, 2023 @07:43PM
(#35144963)
If it didn't exist 16 hours ago when you last responded, after today, I'm pretty sure it exists now. Rough day for private banks.
I don't think that exists. They're walking the line between theory (250K max) and reality (want to preserve everyone's deposits in most cases). For smaller banks they routinely sell the failed institutions whole to achieve the later. For larger banks like SVB they may need to get creative.
So making it official would be a problem (congress is unlikely to approve unlimited coverage) but handling it on a case by case basis works out and avoids moral hazard.