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SVB has billions of dollars in client funds. Once you start having cash in the millions it isn’t practical to have all of it FDIC insured.
by arockwell 4y ago
SVB has billions of dollars in client funds. Once you start having cash in the millions it isn’t practical to have all of it FDIC insured.
- grensley 4y agoMaybe it's just because I haven't managed that kind of money on behalf of an organization, but it seems like you would get super paranoid about that aspect of things: spread your money between multiple banks, hold low risk assets with capital you don't immediately need, possibly even hold some in a straight up vault.