SVB's Collapse Raises Concerns Over Equity-Based Compensation and Bank Stability.
TL;DR
The 10 largest deposit accounts at Silicon Valley Bank held a combined $13.3 billion, according to the chair of the Federal Deposit Insurance Corporation (FDIC), who estimates that the FDIC's $125 billion Deposit Insurance Fund took a $20 billion hit as a result of the SVB intervention. The FDIC's swift action in the wake of SVB's failure has been criticized as a bailout for the wealthy and well-connected, given SVB's role as a major lender to venture capital and tech startups.
- 'The Billionaire Bailout': FDIC Chair Says the Biggest Deposit Accounts at SVB Held $13 Billion Common Dreams
- SVB staff claim they got up to 50% of their salaries in company equity—now some may have have lost millions in its collapse Yahoo Finance
- The huge question created by SVB's failure Axios
- Opinion | What Congress Should Ask Regulators in SVB's Aftermath The Wall Street Journal
- Seattle-area banking leaders worry about bank runs in the digital age - Puget Sound Business Journal The Business Journals
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