And the costs imposed upon the banks to make whole the moneyed depositors of Silicon Valley Bank they will passing along to the account holder in the form of higher surcharges and fees.

Source: https://dailyreckoning.com/are-americans-ready-to-storm-the-bastille-2/

“And we quickly advertised and told affected depositors to get the required documents and come forward for verification so that we can pay them the insured amount.

Source: http://www.nationalaccordnewspaper.com/ndic-pays-over-n1-7bn-to-customers-of-closed-banks/

Another concern is the unpredictable behaviour of depositors as they look for more lucrative places to park their cash, including money market funds and crypto, if banks are slow to raise rates for savings.

Source: https://www.ft.com/content/fb4fd417-01db-4c99-bf45-c341d1d14f36

A run on the bank by depositors led to the collapse of SVB on Friday, March 10, 2023.

Source: https://www.ibtimes.co.uk/expert-reveals-steps-tech-start-ups-can-take-avoid-financial-risks-like-svb-collapse-1714396

As Fixed Deposit interest rates have gone up in recent times, it becomes a natural question for depositors, especially senior citizens, as to what will be the ideal tenor for them to invest in FD.

Source: https://www.financialexpress.com/money/what-is-the-ideal-fixed-deposit-tenor-for-senior-citizens-and-others-in-new-rate-regime/3111226/

As several banks have recently increased their FD rates, it is expected that SBI may also provide some delight to depositors soon.

Source: https://www.financialexpress.com/money/sbi-fixed-deposit-interest-rate-history-10-5-percent-jump-in-past-know-as-hdfc-bank-changes-rates/3107509/

At the end of 2022, SVB had assets of $212 billion and from January to early March 2023, depositors withdrew $68 billion — $42 on its final day of operation.

Source: https://triblive.com/opinion/peter-morici-cracking-down-on-banks-now-only-makes-them-sitting-ducks-for-next-big-hit/

Biden’s efforts to reassure markets and depositors came after…

Source: https://biztoc.com/x/6a8511a8680e7b6d?ref=ff

But in 1980, it led to huge losses and spooked depositors, just as it did now.

Source: https://seekingalpha.com/article/4587680-tlt-the-ultimate-hedge-against-a-recession-and-rate-cuts?source=feed_all_articles

California banking regulators shut down Silicon Valley Bank on Friday after the bank, which had $209bn (€196.1bn) in assets at the end of 2022, saw a run, with depositors pulling out as much as $42bn (€39.4bn) on a single day, rendering it insolvent.

Source: https://www.irishexaminer.com/business/economy/arid-41091208.html

"Depositors of Signature Bridge Bank, N.A., other than depositors related to the digital banking business, will automatically become depositors of the assuming institution," FDIC said.

Source: https://www.ibtimes.com.au/new-york-community-bancorp-buy-failed-signature-bank-assets-heres-what-we-know-about-takeover?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution

"Depositors of Signature Bridge Bank, N.A., other than depositors related to the digital banking business, will automatically become depositors of the assuming institution," FDIC said.

Source: https://www.ibtimes.com.au/new-york-community-bancorp-buy-failed-signature-bank-assets-heres-what-we-know-about-takeover?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution

Events like this raise fear in the minds of the public, especially from depositors (usually companies) with large uninsured balances.

Source: https://www.forbes.com/sites/greatspeculations/2023/03/11/the-silicon-valley-bank-insolvency-and-the-oncoming-recession-blame-the-fed/

Expectedly, the interest rates offered on our loan and deposit products have also increased and as we saw, depositors renewed their interest in time deposits.

Source: https://seekingalpha.com/article/4572118-hanmi-financial-corporation-hafc-q4-2022-earnings-call-transcript?source=feed_all_articles

Federal regulators made the emergency decision earlier in March to guarantee that all depositors at failed Silicon Valley Bank and Signature Bank could get their money back, regardless of how much was in their accounts.

Source: https://biztoc.com/x/2dc1ae96c07407a0?ref=ff

Hilary Allen, a professor at the American University Washington College of Law who studies banking regulation, said the relatively small and tight-knit community of bank depositors helped accelerate the downfall.

Source: https://abcnews.go.com/Business/silicon-valley-bank-digital-bank-run-accelerated-collapse/story?id=97846569

“I don’t think that’s going to change unless we start to see consequences from the banking turmoil that spills outside the banking industry and starts to affect depositors, customers, and so on,” LaCroix concluded.

Source: https://www.insurancejournal.com/news/national/2023/03/21/713091.htm

“If a stress test on Heritage Bank provides reason for CBN intervention, I believe it will do so in order to avoid a contagion effect, as well as protect depositors and shareholders.

Source: https://pmnewsnigeria.com/2023/08/06/heritage-bank-reassures-customers-as-concerns-mount/

In a joint statement, financial agencies including the US Treasury said SVB depositors would have access to "all of their money" starting Monday, March 13, and that American taxpayers will not have to foot the bill.

Source: https://www.ndtv.com/world-news/new-york-based-signature-bank-collapses-after-silicon-valley-bank-3855453

In May of last year, the amount of capital held by banks on behalf of depositors sat…

Source: https://biztoc.com/x/3cf980e24147d450?ref=ff