There is "knowing" intellectually and then there is fully understanding that a particular bad thing can happen to you.
I was aware of this regulation. I thought it was unlikely. But now that it is happened, I will be removing all my money from smaller banks over to TD (big Canadian bank).
Moving from multiple banks to one bank is probably increasing your risk here. Especially so if we're talking about more than $250k. And if we're talking about less, then this example shouldn't change anything for you. As the article we're discussing explains, anybody with less than $250k can withdraw that from SVB starting Monday morning, maybe before.
I was aware of this regulation. I thought it was unlikely. But now that it is happened, I will be removing all my money from smaller banks over to TD (big Canadian bank).