Central Banks/Banking

C-Level Executives Sold Shares Weeks Before SVB Failed

03-13-2023 • https://www.armstrongeconomics.com/world-news/corr

A bank failure of this proportion has not been seen since 2008 when Washington Mutual failed. The majority of deposits in Silicon Valley Bank (SVB) are uninsured, meaning the FDIC's $250,000 protection does not apply.