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74: The Silicon Valley Bank Break Down You Need
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Welcome back to the podcast! There's been so much going on so I had to address this head-on, and in doing so, break things down. There's been a lot of sensational headlines, and even misinformation so I decided to share a bit for informational and educational purposes. This is NOT financial advice. In this episode, I talk about:
1. Silicon Valley Bank's background
2. How Bank's make money
3. What went wrong for SVB (Silicon Valley Bank)
4. How SVB's collapse affect depositors, shareholders, and other investors
5. Whether the government is bailing out SVB or not
6. Whether I'll be moving my savings or spreading them across many banks
7. Signature Bank and Credit Suisse in the news lately
If you've enjoyed this episode, please share it with someone that's looking to understand what in the world happened! See you next week!
Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs to hear these conversations. Please join our community online at www.therichimmigrant.com or on Instagram at 'Therichimmigrant.'
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