Are you nervous about the recent bank failures? Bank failures are not a common occurrence, but they can have a significant impact on the economy and on individuals who have invested their money in those institutions. It’s important to understand the reasons behind bank failures and how they can affect you. In this episode Melissa Joy, CFP, ® and Melissa Fradenburg, AIF, ® break down the many factors that lead to the run on Silicon Valley Bank and Signature Bank and what it could mean for investors.
Bank Failures – Resources:
- Learn more about Pearl Planning.
- Read more about the current banking failures HERE.
- How does FDIC work.
- Read the latest resolutions to Protect Insured Depositors of Silicon Valley Bank HERE.
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