Silicon Valley Bank Collapse - What about the money in your bank ?

Silicon Valley Bank CA was closed a week ago.  It's a financial institution collapse and the stock markets saw a negative trend.  Are you worried about the money that was deposited. A fully explained episode about how banks operate and what happens to your money in reference to the events that unfolded.  Why did this happen and what will happen to the economy - should we worry about it - a recap on the events that triggered to the closure of SVB. Listen to this full episode. Note: To protect depositors, the FDIC transferred all the deposits and substantially all of the assets of Silicon Valley Bank to Silicon Valley Bridge Bank, N.A., a full-service bank that will be operated by the FDIC as it markets the institution to potential bidders. Now listen - What happened to Silicon Valley Bank ?  Disclaimer: This podcast is provided for general information purposes only and do not constitute accounting, legal, tax, or other professional advice. Listeners should not act upon the content or information found here without first seeking appropriate advice from an accountant, financial planner or other professionals. #Financial #Siliconvalleybank #bankruptcy #SVB #financial #finance #financialfreedom #money #business #investment #financialliteracy #investing #financialplanning #financialadvisor #trading #stockmarket #entrepreneur #financialeducation #wealth #financialindependence #personalfinance #invest #stocks #insurance #success #investor #accounting #finances #cryptocurrency #credit #forex #motivation #bitcoin #financialgoals