U.S. Treasury: FDIC deposit insurance fund exceeds $100 billion, sufficient to cover all deposits of Silicon Valley Bank and Signature Bank
ChainCatcher news, the U.S. Treasury Department stated that some institutions have issues similar to those of Silicon Valley Bank. Currently, the Federal Deposit Insurance Corporation (FDIC) has a deposit insurance fund exceeding $100 billion, sufficient to cover all deposits of Silicon Valley Bank and Signature Bank. (Jin10)
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