Oh I understand now, still unfortunate situation. It's an eye opener on how situations like this happen, just like the recent news with SVB bank, many shareholders are likely to take a hit. In addition there could be other banks that crumble which makes me wonder how who is going to pay for the mistakes made for billions of dollars.

Damn that's terrible, wasn't a certain amount of money still insured? Also what kind of business that sounded like a sizable operation