The 10 Largest Deposit Accounts at SVB Held $13 Billion, FDIC Chair Says

In prepared testimony for a Senate Banking Committee hearing slated for Tuesday morning, the chair of the Federal Deposit Insurance Corporation reveals that the 10 largest deposit accounts at Silicon Valley Bank held a combined $13.3 billion, a detail that’s likely to intensify criticism of federal regulators’ intervention in the firm’s recent collapse. When SVB was spiraling earlier this month…

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