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This evening, Sunday, March 12, 2023, the Treasury Department, the Federal Reserve, and the FDIC issued a joint statement indicating that there has been an agreement...
This evening, Sunday, March 12, 2023, the Treasury Department,
the Federal Reserve, and the FDIC issued a joint statement
indicating that there has been an agreement to roll out emergency
measures to protect depositors at SVB. The statement indicates that depositors will
have access to all of their money starting Monday, March 13,
2023.
Foley Hoag is continuing to monitor this development and what
this means for customers with accounts at SVB.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
