Customers were eager to get their money back after the government stepped in to help following the bank collapse last week. However, some were still worried after seeing the flaw in the system this situation highlighted.
"Definitely very assuring," Otter.ai co-founder and CEO Sam Liang said. "I think the government, this time, moved very fast. They did a good job this time. I'm pretty grateful.""We'll feel relief when the funds are in a place that we feel is a bit more resilient to these situations," Strong Compute Founder, CEO Ben Sand said.
"Everyone is being very patient," Peabody Gallery's Elisa Spurlin said. "They're letting three people in line into the lobby while three people are helped by the three tellers and just rotating through. We're all in the same boat, everybody is being patient. We knew starting the day that it was going to take patience."
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.
Read more »
SVB collapse: The Treasury must make whole SVB investorsThe Treasury Department is right to ensure that investors at Silicon Valley Bank have access to their deposits.
Read more »
US regulators bail out SVB customers, who can access all their money Monday | CNN BusinessBiden administration says depositors will have access to their money Monday after SVB's collapse as a second regional bank in New York failed Sunday.
Read more »
US regulators take steps to make sure SVB customers can access all their moneyTreasury Secretary Janet Yellen on Sunday instructed the Federal Deposit Insurance Corporation to guarantee Silicon Valley Bank customers will have access to all of their money starting Monday.
Read more »
US regulators take steps to make sure SVB customers can access all their moneyTreasury Secretary Janet Yellen on Sunday instructed the Federal Deposit Insurance Corporation to guarantee Silicon Valley Bank customers will have access to all of their money starting Monday.
Read more »
US regulators take steps to make sure SVB customers can access all their moneyJUST IN: US regulators take steps to make sure SVB customers can access all their money, however, a bailout of Silicon Valley Bank itself is not under consideration, Treasury Secretary Janet Yellen said Sunday.
Read more »