FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says

FDIC To Begin Returning Some Uninsured SVB Deposits As Soon As Monday: Report - SVB Finl Gr (NASDAQ:SIVB)

The Federal Deposit Insurance Corporation (FDIC), overseeing the emergency breakup of SVB Financial Group (NASDAQ: SIVB), will sell assets and make a portion of clients' uninsured deposits available as soon as Monday. The initial payout would be made to SVB's distressed customers, many of them are Silicon Valley entrepreneurs and their companies. More cash will follow as the bank's assets are sold, Bloomberg reported citing people who know the s…

FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says By Reuters

FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says

FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says

(Reuters) - The Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group, is racing to sell assets and make a portion of clients' uninsured deposits available as soon as Monday, Bloomberg News reported on Saturday, citing people with knowledge of the situation. (Reporting by Akanksha Khushi in Bengaluru; Editing by Paul Simao)

FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says

The Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group , is racing to sell assets and make a portion of clients' uninsured deposits available as soon as Monday, Bloomberg News reported on Saturday, citing people with knowledge of the situation.

US regulators race to start returning some uninsured SVB deposits from Monday

The initial payout would aim to tide over the bank's distressed customers, many of which are Silicon Valley entrepreneurs and their companies

FDIC races to start returning some uninsured SVB deposits Monday

U.S. regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients’ uninsured deposits available as soon as Monday, according to