Does the U.S. Bank Issues Affect EB-5?
London. March 14, 2023. Residency First Ltd
News broke over the weekend that Silicon Valley Bank (SVB) and Signature Bank (SB) were in serious financial difficulties. What does this mean for EB-5 investors?
In a joint statement on Sunday, the FDIC, Federal Reserve and Department of the Treasury said the U.S. will guarantee the full deposits of both SVB and Signature Bank. President Biden announced on Monday that Americans should “have confidence that the banking system is safe.”
With that, we’re glad to report no negative impact on EB-5