U.S. Treasury: FDIC deposit insurance fund exceeds $100 billion, sufficient to cover all deposits of Silicon Valley Bank and Signature Bank

2023-03-13 07:21:35

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ChainCatcher news, the U.S. Treasury Department stated that some institutions have issues similar to those of Silicon Valley Bank. Currently, the Federal Deposit Insurance Corporation (FDIC) has a deposit insurance fund exceeding $100 billion, sufficient to cover all deposits of Silicon Valley Bank and Signature Bank. (Jin10)

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