Here’s what’s actually defending your financial institution deposits

Investors and savers are anxious after runs on deposits prompted the failures of Silicon Valley Bank of Santa Clara, Calif., on March 10 and Signature Bank of New York on March 12. But what many individuals could not notice is simply how frequent it’s for a big portion of a financial institution’s deposits to not be lined by insurance coverage.

A breakdown of property for SVB Financial Group SIVB — Silicon Valley Bank’s holding firm — by Odeon Capital analyst Dick Bove signifies that a lot of the failed banks’ depositors would have been lined by the banks’…