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Banking

Sweep up my money, there is a bank run: Sweep networks for banks and fintech

With SVB’s downfall, multiple companies need to find a solution for their funds that can insure a lot more money than the FDIC limit.
Sweep networks help depositors break their funds into chunks that can be insured, and help companies place them across partner banks. How does this help and is it foolproof?

Rabab Ahsan | March 20, 2023

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