Will Silicon Valley Bank uninsured depositors recover at least 80% of their deposits within 1 year?
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resolved Mar 13
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Resolves YES if uninsured depositors of Silicon Valley Bank recover at least 80% of their uninsured funds by March 10, 2024, 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 says that they are indeed processing withdrawals.
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