FDIC Error Reveals Silicon Valley Bank Relationship with Tech Giants, Government Bailout Benefits
- FDIC accidentally released confidential information on Silicon Valley Bank depositors, revealing major tech giants that benefitted from government help
- List shows tech giants like Sequoia were among SVB's biggest depositors
- Some depositors kept their relationship with the bank confidential
- Several global tech giants with significant deposits benefitted from government intervention after SVB's collapse
- FDIC insured all deposits at SVB after its collapse to protect the wider economy