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
7 replies
0 recast
0 reaction
mk
@mk
For many depositors, that's like saying they'll have access to their socks on Monday.
1 reply
0 recast
0 reaction
Kyle Mathews
@kam
all $250k of it... when many startups burn more than that / month
1 reply
0 recast
0 reaction