Some Good News for Depositors of Silicon Valley Bank and Signature Bank

Here is the latest regarding Silicon Valley Bank (“SVB”) and Signature Bank as of Sunday, March 12th according to the FDIC. We expect to learn more by COB Monday, March 13th:

Depositors will have access to all of their money starting Monday, March 13.

Filed under:
USA, Banking, Insolvency & Restructuring, BCLP, Insolvency, Federal Deposit Insurance Corporation (USA), US Department of the Treasury, Bank of England, Silicon Valley Bank
Authors:
Sharon Z. Weiss , Kenneth M. Achenbach
Location:
USA
Firm:
BCLP