SVB Customers Who Lost Their Deposits Remain on the Hook for Loans
SVB Customers Who Lost Their Deposits Remain on the Hook for Loans
www.wsj.com WSJ News Exclusive | SVB Customers Who Lost Their Deposits Remain on the Hook for Loans
Customers of Silicon Valley Bank’s Cayman Islands branch who counted on using their deposits to repay credit lines are in a bind after the FDIC seized the funds.
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Banks in foreign countries are not covered by FDIC. They don't pay deposit insurance.