NBA star Giannis Antetokounmpo spread his money across half a dozen bank accounts as a rookie because of the FDIC's $250,000 limit. Billionaire team owner Marc Lasry told him to invest instead.

• Silicon Valley Bank's implosion spotlighted the federal deposit insurance limit of $250,000.
• The cap led NBA star Giannis Antetokounmpo to open multiple bank accounts to protect his fortune.
• Billionaire investor Marc Lasry told the player to invest in US Treasuries and other assets instead.

The sudden collapse of Silicon Valley Bank this spring shone a spotlight on federal deposit insurance, which only extends to $250,000 of a customer's money at a single bank. When Giannis Antetokounmpo first learned of the limit, he opened half a dozen bank accounts to protect his fortune.