Quote:
Originally Posted by Patriam1066
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“The FDIC said it hadn’t yet determined the current amount of uninsured deposits. But it said that uninsured depositors will get an advance dividend within the next week. For the remaining amounts of uninsured funds, those depositors will get something called a “receivership certificate,” and as the FDIC sells off the assets of SVB, they may get future dividend payments.”
~$151.8 billion in uninsured deposits. Sounds like poof to me
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JP Morgan Chase covered the uninsured WaMu deposits in the acquisition apparently.
I think that was a consumer bank though and I doubt anyone would want to help here.
Maybe we land sooner than anticipated.
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