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kickopotomus | 2 years ago

Ehh I don't think SVB is an apt comparison. When the FDIC takes control of a failing bank, the bank shutters. Only critical staff is kept on board to aid with asset liquidation/transference and repay creditors/depositors. Once that is completed, the bank is dissolved.

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yafbum|2 years ago

While it is true that the govt looks to keep such engagements short, SVB absolutely did not shutter. It was taken over in a weekend and its branches were open for business on Monday morning. It was later sold, and depositors kept all their money in the process.

Maybe for another, longer lived example, see AIG.