World News@beehaw.org · 2 years ago

SVB Customers Who Lost Their Deposits Remain on the Hook for Loans

www.wsj.com

SVB Customers Who Lost Their Deposits Remain on the Hook for Loans

www.wsj.com

BrikoX@vlemmy.net to

World News@beehaw.org · 2 years ago

WSJ News Exclusive | SVB Customers Who Lost Their Deposits Remain on the Hook for Loans

www.wsj.com

Customers of Silicon Valley Bank’s Cayman Islands branch who counted on using their deposits to repay credit lines are in a bind after the FDIC seized the funds.

cross-posted from: https://vlemmy.net/post/125873

Removed paywall: https://archive.ph/1d4uw

You must log in or # to comment.

Chat

VexCatalyst@lemmy.fmhy.ml
link
fedilink
arrow-up
2·
2 years ago
Why am I not surprised.

World News@beehaw.org

news@beehaw.org

Create a post

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !news@beehaw.org

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community’s icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

17 users / day
208 users / week
1.02K users / month
3.26K users / 6 months
1.03K local subscribers
22.8K subscribers
3.81K Posts
21K Comments
Modlog