SVB Customers Who Lost Their Deposits Remain on the Hook for Loans
Removed paywall: https://archive.ph/1d4uw
https://www.wsj.com/articles/svb-customers-who-lost-their-deposits-remain-on-the-hook-for-loans-5df7963bOpen linkView original on vlemmy.nethttps://www.wsj.com/articles/svb-customers-who-lost-their-deposits-remain-on-the-hook-for-loans-5df7963bOpen linkView original on vlemmy.net
Banks in foreign countries are not covered by FDIC. They don't pay deposit insurance.