Businesses beware: The collapse of Silicon Valley Bank sends a stark reminder of the impact a bank failure can have.
In this episode, we explore the far-reaching consequences of the bank run that caused its downfall and the importance of FDIC insurance for both individuals and businesses.
Listen to learn more about the impact of Silicon Valley Bank's collapse on businesses and the importance of FDIC insurance for depositors.
Key Points:
[1:16] #1 The collapse of Silicon Valley Bank
[3:15] #2 What happens when a bank collapses and the importance of FDIC insurance
[5:38] #3 The impact of a bank's collapse on the businesses that banked at that bank
If you loved this episode, you have to listen to these episodes as well:
>> The Value of a Financial Advisor
>> Planning Your Life & Finances - a 2022 Mash Up
>> Own Your Home and Grow Your Mental Wealth
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