Two U.S. banks (Silicon Valley Bank and Silvergate) have collapsed. The Silicon Valley Bank collapse is the largest bank collapse since the 2008 recession, and the second largest U.S. bank collapse ever. The FDIC has taken control and is paying out depositors today, but with 95% of SVB's deposits uninsured, will this spark contagion throughout the banking sector and the U.S. economy? In breaking news, the Federal Reserve, the U.S. Treasury and the President himself have teamed up to bailout the banks, once again. New Money Clips: My Podcast: If you'd like to try Sharesight, please use my referral link to support the channel! :D (remember you get 4 months free if you sign up to an annual subscription!) ★ ★ PROFITFUL ★ ★ Learn to Invest with Brandon van der Kolk (BUNDLE OFFER) ► Learn to Master Your Tax Return (SPECIAL OFFER) ► ★ ★ CONTENTS ★ ★ 0:00 Silvergate and Silicon Valley Bank Collapse 1:00 How Banks Work 2:03 How Silvergate Collapsed 2:28 How Silicon Valley Bank Collapsed 2:55 Why the Banks Lost so much Money 3:32 How Silicon Valley Bank Collapsed 4:30 The FDIC's Big Problem 6:12 The Bailout Explained 7:33 The Fed's Plan. DISCLAIMER: Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video. Contact email: hello@newmoney.contact Note: I do not have the ability to answer all emails, but know that each email is read. If enquiring about sponsorship, New Money is currently only seeking sponsorship from established brands that do not deal in a financial product (as per Australian Law)....(read more)
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In recent months, the United States banking sector has undergone major changes, with the Federal Reserve stepping in to bail out banks facing financial distress. One of the most high-profile cases has been the collapse of the Silicon Valley Bank, which leads the digital economy in tech-heavy regions like San Francisco and Seattle. Several factors contributed to the bank's collapse, including risky investments and overexposure to the tech industry. However, the Covid-19 pandemic has also played a significant role, with many businesses struggling to stay afloat during lockdowns and social distancing measures. In response to the Silicon Valley Bank's collapse, the Federal Reserve has announced a series of major updates to their bailouts and regulations. These changes are aimed at preventing similar collapses in the future and ensuring the stability of the banking sector. One of the most significant updates is a new program called the Main Street Lending Program, which will provide loans to small and medium-sized businesses that are struggling due to the pandemic. This program is designed to prevent a wave of bankruptcies that could further destabilize the banking sector. In addition, the Federal Reserve is also relaxing certain regulations on bank lending to make it easier for banks to lend money to businesses and individuals. This move is intended to provide a lifeline for struggling businesses and individuals, but it also raises concerns about the potential for banks to take on too much risk in a volatile economic environment. Overall, the updates to the banking industry seem to be aimed at finding a delicate balance between stabilizing the economy and preventing banks from taking on too much risk. The Silicon Valley Bank bailout serves as a warning to other financial institutions that risky investments and overexposure to a particular sector can have dire consequences. With these updates, the Federal Reserve hopes to ensure that the banking sector remains strong and stable for years to come. https://inflationprotection.org/significant-revisions-on-the-u-s-bank-failures-federal-reserve-rescues-silicon-valley-bank/?feed_id=88320&_unique_id=643bdf1ca0616 #Inflation #Retirement #GoldIRA #Wealth #Investing #bailout #bank #bankcollapse #bankcollapse2023 #bankcrash #breakingnews #businessnews #fedbailout #fedemergencymeeting #federalreserve #financestock #jeromepowell #siliconvalley #siliconvalleybank #siliconvalleybankbailout #siliconvalleybankcollapse #siliconvalleybankcollapses #siliconvalleybankcrash #siliconvalleybankexplained #siliconvalleybanknews #siliconvalleybankstock #siliconvalleybankwhathappened #silvergate #svb #worldnews #BankFailures #bailout #bank #bankcollapse #bankcollapse2023 #bankcrash #breakingnews #businessnews #fedbailout #fedemergencymeeting #federalreserve #financestock #jeromepowell #siliconvalley #siliconvalleybank #siliconvalleybankbailout #siliconvalleybankcollapse #siliconvalleybankcollapses #siliconvalleybankcrash #siliconvalleybankexplained #siliconvalleybanknews #siliconvalleybankstock #siliconvalleybankwhathappened #silvergate #svb #worldnews
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