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mk · 618 days ago · link · · parent · post: FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank
Contagion and runs at other banks is what they had to prevent. The depositor situation at SVB wasn’t the issue. I think it was the reverse, at any rate. Something like 90% of depositors had more. Most estimates have the likely losses of uninsured accounts at 5-15%.