{"id":1875056,"date":"2023-03-12T13:12:22","date_gmt":"2023-03-12T17:12:22","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/silicon-valley-bank-depositors-may-get-some-of-their-uninsured-money-back-monday-report\/"},"modified":"2023-03-12T13:16:17","modified_gmt":"2023-03-12T17:16:17","slug":"silicon-valley-bank-depositors-may-get-some-of-their-uninsured-money-back-monday-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/silicon-valley-bank-depositors-may-get-some-of-their-uninsured-money-back-monday-report\/","title":{"rendered":"Silicon Valley Bank depositors may get some of their uninsured money back Monday: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsilicon-valley-bank-depositors-may-get-some-of-their-uninsured-money-back-monday-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1875056&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_74158401\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"US hits debt limit, and countdown begins for 'extraordinary measures' to run out\">               <meta itemprop=\"description\" content=\"The United States hit its debt limit, beginning a countdown for the Treasury to miss paying a bill and raising fears of a default. The U.S. hit the debt limit, also known as the debt ceiling, on Thursday, the Treasury Department announced. Treasury Secretary Janet Yellen said that the Treasury will take \"extraordinary measures\" to prevent the U.S. from defaulting on its obligations, but the Treasury will only have a few months before those measures are exhausted.\">               <meta itemprop=\"duration\" content=\"PT1M12S\">               <meta itemprop=\"uploadDate\" content=\"2023-01-19 19:58:42\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1226798_th_1674158322.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1226798.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_74158401\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1226798\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/regulation\" target=\"_blank\" rel=\"noopener\">Regulators<\/a> <span class=\"ArticlePage-articleBody-firstLetter\">d<\/span>Enjoy the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-ceo-stock-sales-employee-bonuses\" target=\"_blank\" rel=\"noopener\">Silicon Valley Bank<\/a>According to some reports, depositors will be able to access 30 to 50% of uninsured deposits Monday after the collapse. <\/p>\n<p>The initial payout is for easing <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/banking\" target=\"_blank\" rel=\"noopener\">Customers in distress<\/a> As regulators rush to go through SVB&#8217;s assets, they are hoping to find a long-term solution. If a long-term solution fails to materialize, regulators will disburse additional funds to depositors in the future. <a class=\"Link\" href=\"https:\/\/twitter.com\/CGasparino\/status\/1634922420967710720\" target=\"_blank\" rel=\"noopener\">According<\/a> To multiple reports <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-ceo-stock-sales-employee-bonuses\" target=\"_blank\" rel=\"noopener\">SILICON VALLEY BANCK COLLAPSE &#8211; CEO CASHED OUT MILLIONS, WHILE EMPLOYEES GET BONUSES<\/a><\/b> <\/p>\n<p>SVB caused panic among venture capital firms on Wednesday when it revealed that it was selling a variety of securities at a losing price. The panic spiraled into panic that led to a run against the bank that culminated in Friday&#8217;s collapse that saw it being taken over by federal regulators. <\/p>\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">SCOOP: According to bankers who are familiar with the SVB situation, depositors at the bank will be told that they will get 30% to 50% Monday and the majority of the rest over the course of time if there is not a solution. <a href=\"https:\/\/twitter.com\/FDICgov?ref_src=twsrc%5Etfw\">@FDICgov<\/a> Coverage or sale. We need to know what&#8217;s happening today<\/p>\n<p>\u2014 Charles Gasparino (@CGasparino) <a href=\"https:\/\/twitter.com\/CGasparino\/status\/1634922420967710720?ref_src=twsrc%5Etfw\">March 12, 2023<\/a>              <\/p><\/blockquote>\n<p>               <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>              <\/div>\n<\/p><\/div>\n<p>Federal Deposit Insurance Corporation policy provides that bank deposits can be insured up to $250,000. SVB&#8217;s deposits amounted to more than $250,000. This raised concerns about the ability of investors to get their money back. <\/p>\n<p>FDIC has pledged to make all protected deposits available Monday through Monday. SVB had more than $175 billion in deposits by 2022 and $209 billion total assets. <i>Bloomberg<\/i> <a class=\"Link\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-11\/fdic-races-to-start-returning-some-uninsured-svb-deposits-monday#xj4y7vzkg\" target=\"_blank\" rel=\"noopener\">reported<\/a>. The bank held bonds and Treasuries, which lost value when the Federal Reserve raised interest rates. <\/p>\n<p>The tech sector has been through economic storms and undergone tremendous growth in recent months. <\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read more from <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/silicon-valley-bank-depositors-get-money-back\">Report: Silicon Valley Bank depositors might get some of the uninsured money they have deposited back Monday<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regulators dEnjoy the Silicon Valley BankAccording to some reports, depositors will be able to access 30 to 50% of uninsured deposits Monday after the collapse. The initial payout is for easing Customers in distress As regulators rush to go through SVB&#8217;s assets, they are hoping to find a long-term solution. If a long-term solution fails &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1896999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[5373,21390,4452,4755,3819,8107,21389,8109],"class_list":["post-1875056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-bank","tag-depositors","tag-monday","tag-money","tag-report","tag-silicon","tag-uninsured","tag-valley"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1875056"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1896999"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1875056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1875056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1875056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}