UPDATE: Fed, Treasury, FDIC joint statement. Insured & uninsured depositors will receive all there deposits in full.

BREAKING: In a joint statement, the Fed, Treasury and FDIC announced they will make additional funding available to ensure all Silicon Valley Bank deposits, both insured and uninsured, will be paid in full. t.co/uule8I98Gb

— ABC News (@ABC) March 12, 2023

h/t Hyper Star