The SVB demise is a fraudster’s paradise, so take precautions
For those who haven’t followed the drama, Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation, after a bank run that followed an insolvency risk and a stock crash. The Federal Deposit Insurance Corporation has been named the receiver, and has established a deposit insurance national bank, through which SVB customers will be able to access the insured part of their deposits. Understandably, there is a lot of … More
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