In America, uninsured bank deposits currently stand at a minimum of $7 trillion. To put this figure in perspective, it is approximately three times larger than Apple’s market capitalization or roughly equivalent to 30% of the nation’s GDP. Uninsured deposits surpass the $250,000 limit safeguarded by the Federal Deposit Insurance Corporation (FDIC), which was raised from $100,000 following the Global Financial Crisis. These deposits constitute around 40% of all bank deposits. In the aftermath of the Silicon Valley Bank (SVB) debacle, Elements examined the 30 U.S. banks with the highest proportion of uninsured deposits using S&P Global’s data. Here they are:
