How is the FDIC going to turn a profit?
Every company who has deposits there are going to wire it out once reopens. You can't make money if you have no deposits.
Every company who has deposits there are going to wire it out once reopens. You can't make money if you have no deposits.
SVB doesn’t have to die just because the shareholders get wiped out and management booted. It’s probably better for customers that it doesn’t.