My understanding is that when people refer to deposits being insured in America they are nearly always referring to the FIDC insuring $250k on deposits (not for values greater than that amount, and not for stocks etc).
Is it common practice for other banks to insure deposits more than what SVB? I keep hearing the 'how could they not have insured X% of their accounts'. That question adds to the hysteria if most banks wouldn't hold insurance if they had those clients. There isn't a lot of reporting separating whether SVB was underinsured or whether the only difference is that other banks have a lot of individual depositors vs catering for businesses.
Is it common practice for other banks to insure deposits more than what SVB? I keep hearing the 'how could they not have insured X% of their accounts'. That question adds to the hysteria if most banks wouldn't hold insurance if they had those clients. There isn't a lot of reporting separating whether SVB was underinsured or whether the only difference is that other banks have a lot of individual depositors vs catering for businesses.