Important lessons to learn as industry’s debacle unfolds
SVB was the second-largest bank failure on record and has led many to question the stability of other, similar small to medium-sized niche banks that provided funding to high-growth sectors like tech and crypto.Know where your deposits are
The FDIC notes: “This means that a bank customer who has multiple accounts may qualify for more than $250,000 in insurance coverage if the customer’s funds are deposited in different ownership categories and the requirements for each ownership category are met.”
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