It's a sad day for Silicon Valley and erodes a core startup lender.
“But the takeover would seem to allay concerns that companies might lose their deposits.”
Are we talking insured only or are people getting the message that they’ll get 100 cents on the dollar
You're right. I removed that line. I know what's in the statement on that front. Allays concerns on insured deposits but those were obviously already covered.
From a non-US guy: if an account is "insured" am I right in assuming max insured amount is then £250k? also not all accounts are insured?
“But the takeover would seem to allay concerns that companies might lose their deposits.”
Are we talking insured only or are people getting the message that they’ll get 100 cents on the dollar
You're right. I removed that line. I know what's in the statement on that front. Allays concerns on insured deposits but those were obviously already covered.
From a non-US guy: if an account is "insured" am I right in assuming max insured amount is then £250k? also not all accounts are insured?