SVB Depositors Will Get Their Money, But Signature Bank Also Shut Down

SVB Depositors Will Get Their Money, But Signature Bank Also Shut Down

Customers of SVB had been concerned they may not get to access their deposits for some time.

Video: This is how SVB depositors will get their money back

Treasury Secretary Janet Yellen instructed the Federal Deposit Insurance Corporation to guarantee Silicon Valley Bank customers will have access to all of their money starting Monday. CNN's Arlette Saenz reports.

How the U.S. Is Trying to Stave Off a Banking System Crisis

The Federal Reserve, FDIC, and Treasury Department took emergency measures to shore up the banking system following the collapse of Silicon Valley Bank, including guaranteeing all deposits at SVB and Signature Bank, which it also closed.

SVB, Signature Bank Depositors to Get All Their Money as Fed Moves to Stem Crisis

Regulators take control of a second bank and race to roll out emergency measures