Re:Emergency credit line for SVB customers
by banannaise on Monday March 13, 2023 @10:41AM
(#35136318)
> 97% of deposits in SVB exceeded the FDIC threshold. The question is, by how much on average?
That's just a math problem. If you assume all deposits are at least 250K, you can get a floor for that number. If 97% of deposits exceeded threshold, then the average deposit is at least $8.3 million.
That's just a math problem. If you assume all deposits are at least 250K, you can get a floor for that number. If 97% of deposits exceeded threshold, then the average deposit is at least $8.3 million.