Bloomberg: FDIC is Selling Assets, Will Return Partial Uninsured SVB Deposits on Monday

March 12 TuoniaoX.com news, according to informed sources, the Federal Deposit Insurance Corporation (FDIC) is selling assets and will provide uninsured deposits for some Silicon Valley Bank customers as soon as possible on Monday. Sources say the amount from asset liquidation is 30-50% or more of uninsured deposits. Currently, Silicon Valley Bank's corporate clients lack funds to maintain business operations and employee wages. The FDIC stated that the amount of uninsured deposits is still being determined, and will soon issue advance dividends to uninsured depositors, with payments to follow.