The Washington Post analyzed 461 corporate securities filings issued by public companies between March 10 (the day SVB failed) to March 13 (the day after the government rushed in with extra assistance). wapo.st/3lmbD8f
The Federal Deposit Insurance Corp., by law, insures deposits of up to $250,000 per account. But these filings showed that many companies held much more in their accounts.
If the government hadn’t stepped in, most of this money might have been lost. wapo.st/3lmbD8f
If the government hadn’t stepped in, most of this money might have been lost. wapo.st/3lmbD8f
According to S&P Global, entities had $151.6 billion in uninsured deposits at Silicon Valley Bank, or 93.9 percent of the company’s total holdings. wapo.st/3lmbD8f
Due to disparities in these corporate filings, it’s unclear exactly how much some of the firms stood to lose if SVB collapsed without aid.
Here’s a closer look at the billions of dollars of unprotected deposits that companies had at Silicon Valley Bank: wapo.st/3lmbD8
Here’s a closer look at the billions of dollars of unprotected deposits that companies had at Silicon Valley Bank: wapo.st/3lmbD8
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