uninsured

On March 10, according to Max Reyes, a reporter, a document recently submitted by Silicon Valley Bank to the regulatory authority showed that more than 93% of its 161 billion dollar deposits were uninsured. Interpretation of this information: The message states that Silicon Valley Bank recently submitted a document to regulatory authorities that showed more than 93% of its 161 billion dollar deposits were uninsured. This indicates that the bank is taking on a high level of risk by not fully insuring its deposits. The mention of Silicon Valley Bank…