Conference FDIC social media Taxes 
South State Correspondent
MARCH 15, 2023
Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. 8) Deposit Impact of Social Media: SVB’s customer base and followers were highly active on Twitter and other social media properties.
Jeff For Banks
JUNE 2, 2023
When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. M&T assumed their $411 million of loans and securities with a $289 million FDIC loss-share agreement. We took a serious reputational hit.
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