U.S. Treasury Department: FDIC deposit insurance fund exceeds 100 billion U.S. dollars, enough to cover all deposits of Silicon Valley Bank and Signature Bank

According to the Jinshi report, the U.S. Department of the Treasury stated that some institutions have similar problems to Silicon Valley Bank. At present, the deposit insurance fund of the Federal Deposit Insurance Corporation (FDIC) exceeds 100 billion U.S. dollars, which is enough to cover the deposit amount of all Silicon Valley Bank and Signature Bank.