Will Silicon Valley Bank depositors recover at least 50% of their uninsured deposits by end of Monday?
14
310Ṁ3407resolved Mar 13
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Resolves YES if depositors of Silicon Valley Bank recover at least 50% of their uninsured funds by March 13, 11:59:59 PT, according to official announcements or reporting by reliable media publications. Otherwise NO.
Context: Silicon Valley Bank was closed Friday morning by state regulators and put under the control of the FDIC, after a bank run and capital crisis.
https://www.cnn.com/2023/03/10/investing/svb-bank/index.html
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Resolves YES. https://home.treasury.gov/news/press-releases/jy1337 "Depositors will have access to all of their money starting Monday, March 13." and reporting from today indicates that they are indeed processing withdrawals.