- FDIC racing to return some uninsured SVB deposits as soon as Monday.
- FDIC is selling assets and making a portion of clients’ deposits available.
FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says
The Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group , is racing to sell assets and make a portion of clients' uninsured deposits available as soon as Monday, Bloomberg News reported on Saturday, citing people with knowledge of the situation.
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