Re:How deep is the rot in America’s banking industry?
by shapefrog on Friday March 17, 2023 @06:49AM
(#35195353)
> if the FDIC's current funds can't cover the bill
The FDIC's current funds were $128.2 billion on December 31 2022
SVD had ~$200 billion of deposits December 31 2022 - but obviously had significant withdrawals prior to being taken over. Likely < 100 billion remained.
The FDIC's current funds were $128.2 billion on December 31 2022
SVD had ~$200 billion of deposits December 31 2022 - but obviously had significant withdrawals prior to being taken over. Likely < 100 billion remained.