Both SVB and Republic specialize in “Services for High Net Worth Individuals”
And the FED is going to bail them out with YOUR money. AGAIN
The FDIC and the Federal Reserve are weighing creating a fund that would allow the regulators to backstop more deposits at banks that run into trouble following Silicon Valley Bank’s collapse. https://t.co/vPrsfeX10J via @markets
— AngelInvest8 (@AngelInvest5) March 12, 2023
Joint Fed, Treasury, and FDIC press release announcing all SVB funds will be available on Monday.
Also Signature Bank was closed today:https://t.co/iUvjGWHHUn pic.twitter.com/CmHz7rwJNL
— AJ Stuyvenberg (@astuyve) March 12, 2023
h/t Flying Elvii