What will happen to SVB employees? Past bank failures may provide some insight
With the bank under FDIC control, employees are in limbo.
The aftermath of Silicon Valley Bank’s collapse is still unfolding, and the bank is now under FDIC control, allowing insured depositors to access their money as of Monday morning. While that may help some of the bank’s thousands of corporate customers make payroll in the coming days, it may not provide as much comfort to its many employees, who are probably wondering what happens next.
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