Dollar Weaponization Expands: FDIC Message to Foreign Depositors Is Don’t Trust the US — Your Money is ‘Poof’

• Dollar Weaponization Expands – FDIC Message to Foreign Depositors Is Don’t Trust the US
  by https://mishtalk.com/
  The weaponization of the US dollar by US agencies continues with a ruling by the FDIC.
  In March, the FDIC seized nearly $14 billion in foreign deposits at Silicon Valley Bank, most of of the deposits were from Asia. Foreign depositors have been waiting access to their money. The FDIC now affirms, sorry, too bad.
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  Poof.
  The Pain of Silicon Valley Bank’s Collapse Is Being Felt by These Depositors
  The Wall Street Journal reports The Pain of Silicon Valley Bank’s Collapse Is Being Felt by These Depositors:
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  Two months after the failure of Silicon Valley Bank, the lender’s depositors in the Cayman Islands have been left out in the cold.
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  The California-based bank’s American depositors were protected when the Federal Deposit Insurance Corp. took control of SVB on March 10 and guaranteed all of their funds. SVB’s U.S. branches, as well as its loans and deposits, were acquired by First Citizens Bancshares in late March.
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  It has been a vastly different story for customers of SVB’s Cayman Islands branch, which was left out of the First Citizens deal and placed under FDIC receivership. The branch in the offshore tax haven was set up to primarily support the bank’s activities in Asia, according to SVB. Its depositors, which include multiple Chinese investment firms, haven’t been able to access their funds—and have been in limbo since SVB’s collapse.
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  The FDIC’s notice surprised customers who had thought an earlier statement from U.S. regulators that said all SVB depositors would be made whole also applied to them. 
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  read more.

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