Our Thoughts on the Current Banking Issues in the US

Over the past week, headlines have been dominated by news of Silicon Valley Bank’s (SVB) collapse along with the failure of Signature Bank of NY.  The FDIC has stepped in to take control of assets for both SVB and Signature Bank, and many bank stocks tumbled on the news. Many are concerned about their deposit security as well as the economic impact on the United States. In this update I’ll address: What’s going on? What is the emergency action plan President Biden announced on Monday? How does this affect your money, and what should you be doing? What’s going […]