SubscribeSign In
Banking Turmoil
Timeline of EventsWhat to KnowWhy First Republic Failed JPMorgan's WinWhat Happens NextYour MoneyNewsletter Signup

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/articles/the-pain-of-silicon-valley-banks-collapse-is-being-felt-by-these-depositors-f18c0bd4

The Pain of Silicon Valley Bank’s Collapse Is Being Felt by These Depositors

Customers that banked at SVB’s Cayman Islands branch have had their funds seized by the FDIC

By Frances Yoon
SVB’s annual report said the bank had $13.9 billion in foreign deposits. Photo: cj gunther/Shutterstock

Two months after the failure of Silicon Valley Bank, the lender’s depositors in the Cayman Islands have been left out in the cold. 

The California-based bank’s American depositors were protected when the Federal Deposit Insurance Corp. took control of SVB on March 10 and guaranteed all of their funds. SVB’s U.S. branches, as well as its loans and deposits, were acquired by First Citizens Bancshares in late March. 

What's News

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue reading your article with
a WSJ subscription

Subscribe Now

Already a subscriber? Sign In

Sponsored Offers
  • The Wall Street Journal
  • Sign In
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • Podcasts
  • Snapchat
  • Google Play
  • App Store
  • Privacy Notice
  • Cookie Notice
  • Copyright Policy
  • Data Policy
  • Subscriber Agreement & Terms of Use
  • Your Ad Choices
  • Accessibility
  • Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.
  • Google Play
  • App Store
Sign In
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.