savers
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Hal Press: depositors will receive at least 50% of the deposit at the SVB hearing next week
According to reports, Hal Press, CEO of North Rock Digital, a hedge fund, tweeted that there were many different channels for the SVB hearing, including the complete sale of the bank to another bank or government support, if necessary. More importantly, at the hearing next week, savers (even large savers) will receive at least 50% of their deposits (most of SVB’s assets have been sold), or even more. In the long run, they may get more than 90% of the return, and it is likely that no depositor will lose…
