Bank Bailout 2.0: Silicon Valley Bank
Update: 2023-03-07
Description
As the regional and community banks are under pressure and monopolizing the news cycle, Monterey Wealth discusses what is actually going on with Silicon Valley Bank (SVB) and how this could potentially be a catalyst for other regional banks. Episode highlights include:
- How banks, in general, make money
- The impact rising interest rates had on SVB
- The core issue that caused a run on SVB
- What you can do to protect your bank deposits
If you have any questions, please contact us at www.montereywealth.com.
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