Federal Deposit Insurance Corporation (FDIC)
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Bloomberg: FDIC is selling assets and will return some uninsured SVB deposits on Monday
On March 12, according to people familiar with the matter, the Federal Deposit Insurance Corporation (FDIC) of the United States is selling assets and providing uninsured deposits of some customers of Silicon Valley Bank as soon as possible on Monday. People familiar with the matter said that the amount of asset realization was 30-50% or more of the uninsured deposit. Interpretation of this information: In an effort to recoup funds and protect customers, the Federal Deposit Insurance Corporation (FDIC) is reportedly selling off assets and providing uninsured deposits of customers…
