World News@lemmy.worldEnglish · 1 year ago

SVB Customers Who Lost Their Deposits Remain on the Hook for Loans

www.wsj.com

cross-posted to:
worldnews@lemmy.ml

SVB Customers Who Lost Their Deposits Remain on the Hook for Loans

www.wsj.com

BrikoX@vlemmy.net to

World News@lemmy.worldEnglish · 1 year ago

cross-posted to:
worldnews@lemmy.ml

WSJ News Exclusive | SVB Customers Who Lost Their Deposits Remain on the Hook for Loans

www.wsj.com

Customers of Silicon Valley Bank’s Cayman Islands branch who counted on using their deposits to repay credit lines are in a bind after the FDIC seized the funds.

cross-posted from: https://vlemmy.net/post/125873

Removed paywall: https://archive.ph/1d4uw

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1 year ago
Shocked that in the game of capitalism the proceeds move upwards. It feels like even more when the government starts interceding. I’m tired of bailing out banks. If your bank needs a bail out you should be jailed

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