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FDIC To Begin Returning Some Uninsured SVB Deposits As Soon As Monday: Report
Sunday, March 12, 2023 - 8:16am | 550The Federal Deposit Insurance Corporation (FDIC), overseeing the emergency breakup of SVB Financial Group (NASDAQ: SIVB), will sell assets and make a portion of clients' uninsured deposits available as soon as Monday. The initial payout would be made to SVB's distressed...