1. Executives of SVB receiving bonuses.

2. Depositors that withdrew their money 100%.

3. Depositors that will fall under FDIC and made whole by this.

4. Depositors that will receive X% of deposits (likely under 100%)

5. Debt and equity with SVB

6. American taxpayer.

OK, I think every possible permutation of who owes who money has been explained in this thread.

I personally would like to see a legal mechanism where group 2 owes group 4 money. Not sure how that would work, but it would definitely give no one an incentive to run on a bank ever again if we could figure it out.