Bridge Bank

It is reported that the Federal Deposit Insurance Corporation of the United States: transferred all deposits of Silicon Valley Bank (SVB) to the bridge bank with a transitional nature. Bridge Bank, a transitional bank, will continue to provide online banking and ATM services. The check of SVB customers will be cleared and the loan will be paid. Federal Deposit Insurance Corporation of the United States: checks of Silicon Valley bank customers will be cleared and loans will be paid Analysis based on this information:The Federal Deposit Insurance Corporation (FDIC) has reportedly taken action on Silicon Valley Bank (SVB), transferring all their deposits to a bridge bank. The nature of the move is transitional, with the bridge bank taking over the online banking and ATM services previously provided by SVB. The check of SVB customers will still be cleared, and their loans will still be paid by the new bank. This move highlights the power of the FDIC in managing the…