The 10 Largest Deposit Accounts at SVB Held $13 Billion, FDIC Chair Says
Briefly

One researcher called the SVB bailout "a good illustration of the enormous class bias in American policymaking."Federal Deposit Insurance Corporation Chairman Martin Gruenberg during a hearing before the Senate Banking, Housing and Urban Affairs Committee on September 9, 2014, on Capitol Hill in Washington, D.C.Alex Wong / Getty Images In prepared testimony for a Senate Banking Committee hearing slated for Tuesday morning, the chair of the Federal Deposit Insurance Corporation reveals that the 10 largest deposit accounts at Silicon Valley Bank held a combined $13.3 billion, a detail that's likely to intensify criticism of federal regulators' intervention in the firm's recent collapse.
Read at Truthout
[
add
]
[
|
|
]