I might be fiat-financially completely non-knowledgeable, but can anyone explain 😀👈

"... depositors of Signature Bank and Silicon Valley Bank will be made whole, and "no losses will be borne by the taxpayer," the U.S. Treasury Department ..."

https://www.reuters.com/business/finance/new-york-state-regulators-close-signature-bank-2023-03-12/