News for hackers. Stuff that matters.

A comment on SVB's programmatic payment systems are back online. Parent comment

Re:SVB's programmatic payment systems are back online by chatmasta on Monday March 13, 2023 @12:00PM (#35137556)
It's quite bizarre and I'm also wondering this. I have no idea if it's possible to deposit into SVB. But they claim that the bank is operating normally.
[ Parent | on HN ]
Re:SVB's programmatic payment systems are back online by dgacmu on Monday March 13, 2023 @01:01PM (#35138649)
Yes. The bank is now a bridge bank: https://www.fdic.gov/news/press-releases/2023/pr23019.html

This is a mostly fully functional bank designed to help smooth the transition for depositors away from SVB to their new permanent homes.

[ Parent | on HN ]