New York CNN Business —The FDIC mistakenly revealed to Bloomberg News details on the biggest customers at Silicon Valley Bank, the failed bank whose depositors were rescued through emergency action by regulators.
According to Bloomberg, that document was accidentally released unredacted by the FDIC in response to a Freedom of Information Act request.
For instance, leading venture capital firm Sequoia Capital, held just more than $1 billion at SVB, according to the FDIC document.
The FDIC document indicates the Chinese firm held about $903 million at SVB.
The FDIC, charged with insuring deposits at banks, apparently did not intend to release the details on SVB’s biggest customers.
Persons:
SVB, Zhipin, Dennis Kelleher, ” Kelleher, Mike Pence, ”
Organizations:
New York CNN Business —, Bloomberg, Silicon Valley Bank, Bloomberg News, FDIC, Sequoia Capital, PayPal, Google, Apple, Sequoia, CNN, Better Markets, Internet, Better, Main Street
Locations:
Silicon, Beijing