Re:JPMorgan advising First Republic on alternatives, includi...
by HDThoreaun on Monday March 20, 2023 @04:29PM
(#35238192)
> Imagine that the Fed guarantee for SVB had been put forward two weeks before it was.
The fed guarantee is only for banks that are solvent. Banks that are insolvent have been put in receivership. In fact, the fed didn't guarantee SVB anything, they guaranteed that deposits at National Bank of Santa Clara, the successor to SVB, are safe.
The fed guarantee is only for banks that are solvent. Banks that are insolvent have been put in receivership. In fact, the fed didn't guarantee SVB anything, they guaranteed that deposits at National Bank of Santa Clara, the successor to SVB, are safe.