After the FDIC seized Silicon Valley Bank, some customers knew their money was insured, others were left hanging until regulators stepped in.
It’s important to know that the amount of FDIC insurance coverage you may be entitled to depends on the FDIC ownership category. This generally means the manner in which you hold your funds at the bank.
According to Brian Sullivan, spokesperson with the FDIC, the four most common individual "ownership categories" that qualify for FDIC Deposit Insurance are:And according to Sullivan, potentially, if you are a depositor with one of each of these ownership categories, you could be insured for more than $250K. While the scope of the FDIC is expansive, there are some non-deposit investment products that are not insured by the FDIC, even if they were purchased from an insured bank.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
FDIC to try to auction off Silicon Valley Bank again: reportRegulators are planning another auction for Silicon Valley Bank after they failed to find a buyer over the weekend, the Wall Street Journal reported Monday,...
Baca lebih lajut »
WSJ News Exclusive | FDIC Planning Another Silicon Valley Bank AuctionBreaking: Regulators plan another try at auctioning Silicon Valley Bank, after they were unable to find a buyer over the weekend
Baca lebih lajut »
U.S. FDIC shifts SVB deposits to new bridge bank, names CEOThe U.S. Federal Deposit Insurance Corporation has transferred all deposits of Silicon Valley Bank to a newly created bridge bank and all depositors will have access to their money beginning Monday morning, the financial regulator said.
Baca lebih lajut »
How does the FDIC workAll eyes are on the FDIC after its takeover of Silicon Valley Bank. Here's what you need to know.
Baca lebih lajut »