Joint Statement by Treasury, Federal Reserve, and FDIC

Government Record · U.S. Treasury, Federal Reserve, and FDIC · March 12, 2023

The statement invoked systemic-risk exceptions to protect all SVB and Signature depositors. It did not protect shareholders or certain unsecured debtholders.

Shareholders and certain unsecured debtholders will not be protected.

Official source

The statement invoked systemic-risk exceptions to protect all SVB and Signature depositors. It did not protect shareholders or certain unsecured debtholders.

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