Giuliano Giacaglia
@giu
Wow! All insured depositors will have full access to their insured deposits by Monday morning. The FDIC will pay uninsured depositors an advance dividend, and receivership certificate for the remaining amount of their uninsured funds. https://www.fdic.gov/news/press-releases/2023/pr23016.html
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dinislam
@dinislam.eth
“As the FDIC sells the assets of Silicon Valley Bank, future dividend payments may be made to uninsured depositors.” oh man… how long could this process take? Expect there to be funds buying those receivership certificates at a significant discount
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dinislam
@dinislam.eth
You want your seed round back so you can make payroll? We’ll give you 50c on the dollar
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