NerdWallet: Is my money safe in the bank? How can I cover expenses if my bank fails? Answers to common questions about the SVB fallout

The bank was insured by the Federal Deposit Insurance Corp., and on Monday, the FDIC took over SVB’s operations so customers wouldn’t lose their funds, even those above the insurable limit. These customers, some of which were businesses that needed to be able to pay their employees, have likely…#fdic #svb #signaturebank #siliconvalleybank

Source: Reuters: Health - March 18, 2023 Category: Consumer Health News Source Type: news