In the Press
May 13, 2023

The Pain of Silicon Valley Bank’s Collapse Is Being Felt by These Depositors (The Wall Street Journal)

Banking partner William Stern was quoted in The Wall Street Journal on the impact to uninsured depositors after the failure of Silicon Valley Bank. “Uninsured depositors would only be paid to the extent that there are assets available in the receivership estate to pay claims at that level,” said Stern. “As the FDIC liquidates assets, there may not be sufficient assets available to satisfy 100% of those claims,” he added.