As you have likely heard, the Silicon Valley Bank collapsed on Friday, March 10th, 2023, after a bank run- marking the largest bank failure in the U.S. in over a decade. With a lot of fear surrounding this topic, we are here to focus on the facts and give you a better understanding of what we know today.
Here's some of what we discuss in this episode:
- What we know about the Silicon Valley bank failure right now (2:57)
- Unpacking why this SVB crisis happened and what sparked the bank run panic. (11:05)
- The five keys points you want to keep in mind before panicking about this event. (17:48)
- While there is a lot of fear and panic instilled by the media right now, it is rare to go a year without a new bank failure. (20:30)
- Two important questions to help you evaluate what you hear in the media (22:17)
Read Mike Sorrentino's rundown of the SVB collapse:
https://listentoscott.com/wp-content/uploads/2023/03/Bank-Run-PDF-for-Web.pdf
Want to connect with us?
https://elevatemyretirement.com/our-team/scott-m-dougan/
913-393-4724
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