Jan Wildeboer 😷:krulorange:<p>Seems they couldn’t find a buyer, so they use the <a href="https://social.wildeboer.net/tags/SystemicRisk" class="mention hashtag" rel="tag">#<span>SystemicRisk</span></a> exception to make all depositors whole. <a href="https://social.wildeboer.net/tags/SVB" class="mention hashtag" rel="tag">#<span>SVB</span></a> Silicon Valley Bank</p><p>„Depositors will have access to all of their money starting Monday, March 13.“</p><p>„Shareholders and certain unsecured debtholders will not be protected.“</p><p>And the same approach for Signature Bank, New York. </p><p>That’s quite drastic, IMHO. Two rather small banks getting „promoted” to systemic risk. </p><p><a href="https://home.treasury.gov/news/press-releases/jy1337" target="_blank" rel="nofollow noopener noreferrer" translate="no"><span class="invisible">https://</span><span class="ellipsis">home.treasury.gov/news/press-r</span><span class="invisible">eleases/jy1337</span></a></p>