SVB Customers Still Liable for Loans Despite Deposit Loss - WSJ
TL;DR
Customers of SVB Financial Group who lost their deposits due to the bank's failure to properly verify their identities are still responsible for repaying loans they took out with the bank. The bank has faced criticism for failing to adequately protect its customers and has been fined by regulators.
SVB Customers Who Lost Their Deposits Remain on the Hook for Loans - WSJ The Wall Street Journal
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