Ep. 64 | Can Banks go Bankrupt??

Why do banks fail, and what can you do to protect your savings? In this episode of the Canadian Private Lenders Podcast, Neal and Ryan break down the causes of bank collapses and explore how global and Canadian banks navigate risks.  

From historical banking failures to the Silicon Valley Bank collapse, they dive into the vulnerabilities banks face and the safeguards Canadians have.  

Show notes:

0:58 - Introduction

3:45 - Historical global examples of bank failures

5:44 - Canadian banks entering into other countries and foreign countries entering in Canada

10:00 - Why do banks fail?

11:24 - Banks is the business and their product is money

14:33 - Silicon Valley Bank

19:25 - What protections do Canadians have in their bank? 

22:55 - What would happen if the Canadian banks had to fail?

25:56 - How can Canadians protect themselves?

27:29 - Outro

Resources:

• Keystone Capital Group

Find Neal On:

•  Instagram - @Remaxneal
• LinkedIn

Find Ryan On:

•  LinkedIn
• E-mail - [email protected]