![]() ![]() ![]() The FDIC is working to resolve things for SVB’s customers, but you may still be wondering what you should do if your bank fails in the future. These customers, some of which were businesses that needed to be able to pay their employees, have likely been spared from financial catastrophe. The bank was insured by the Federal Deposit Insurance Corp., and on Monday, the FDIC took over SVB’s operations so customers wouldn’t lose their funds, even those above the insurable limit.
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