FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says

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FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says
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The Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group , is racing to sell assets and make a portion of clients' uninsured deposits available as soon as Monday, Bloomberg News reported on Saturday, citing people with knowledge of the situation.

The Federal Deposit Insurance Corp logo is seen at the FDIC headquarters in Washington, February 23, 2011. REUTERS/Jason Reed/File Photo/File Photo

March 11 - The Federal Deposit Insurance Corporation , which is overseeing the emergency breakup of SVB Financial Group , is racing to sell assets and make a portion of clients' uninsured deposits available as soon as Monday, Bloomberg News reported on Saturday, citing people with knowledge of the situation.

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