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Federal Deposit Insurance Corporation Chairman Martin Gruenberg revealed on Monday that the firm guaranteed as much as $13.3 billion in uninsured deposits for the 10 largest account holders at the defunct Silicon Valley Bank.
Federal Deposit Insurance Corporation Chairman Martin Gruenberg revealed on Monday that the firm guaranteed as much as $13.3 billion in uninsured deposits for the 10 largest account holders at the defunct Silicon Valley Bank.
 
The Federal Deposit Insurance Corporation (FDIC) announced on Monday that the bidding process for remaining assets at the defunct Silicon Valley Bank would be extended due to “substantial interest” from possible acquirers.
The Federal Deposit Insurance Corporation (FDIC) announced on Monday that the bidding process for remaining assets at the defunct Silicon Valley Bank would be extended due to “substantial interest” from possible acquirers.
 
Sen. Elizabeth Warren (D-MA) and Rep. Maxine Waters (D-CA) asserted that the Federal Deposit Insurance Corporation should “reexamine” the $250,000 deposit insurance threshold on bank accounts.
Sen. Elizabeth Warren (D-MA) and Rep. Maxine Waters (D-CA) asserted that the Federal Deposit Insurance Corporation should “reexamine” the $250,000 deposit insurance threshold on bank accounts.
 
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