Timothy Sumer

Silicon Valley Bank has collapsed. This is the second largest bank failure in US history and the largest since 2008. This was the immediate result of a bank run in which $42 Billion of deposits was withdrawn in one day. Full analysis here: #SIBV #SVB #SiliconValleyBank #Shorts... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing On October 29, 2021, Silicon Valley Bank (SVB), one of the largest and most well-known financial institutions in Silicon Valley, announced that it was filing for bankruptcy. This news came as a shock to many, as SVB had been regarded as a stable and trustworthy bank for many years. However, it appears that the bank had been hit hard by recent economic challenges, such as rising interest rates and a slowdown in the tech industry. SVB, which was founded in 1983, had become a major player in the bankin

Gold prices continue to rise despite tumult in the financial sector after the collapse of Silicon Valley Bank and Signature Bank. As the Federal Reserve continues to try and ease inflation, many nervous investors are seeking stability in the form of gold. WSJ’s Yusuf Khan explains why the precious metal has kept its sparkle. 0:00 Why gold’s value rose during the banking collapses 1:01 How slower interest rate hikes further increased gold’s worth 1:36 How the decline of the dollar is affecting gold 2:08 What’s next for gold prices? News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news. #Gold #Inflation #WSJ... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Gold

In this video, we'll be discussing an important topic that concerns many Americans: the safety of their retirement savings in the event of a bank collapse. Many people rely on 401k plans as a primary source of retirement income, but what happens to that money if the bank that holds your 401k goes under? We'll take a deep dive into the regulatory safeguards that protect your 401k, including the Federal Deposit Insurance Corporation (FDIC) and the Securities Investor Protection Corporation (SIPC). We'll also discuss the differences between bank and brokerage 401k accounts, and how they're insured differently. We'll explore what happens to your 401k if your employer goes bankrupt, and what you can do to protect your savings. We'll also touch on the importance of diversification and why it's important to spread your retirement savings across multiple investments. By the end of this video, you'll better understand the safeguards in place to prote

Days after the collapse of Silicon Valley Bank and Signature Bank, there are plenty of questions being asked about the health of banks in the U.S. Sheila Bair served as the chair of the FDIC from 2006 to 2011 and worked to keep the system stable during the Great Recession. She joined Geoff Bennett to discuss the current situation surrounding banks and inflation. Stream your PBS favorites with the PBS app: Find more from PBS NewsHour at Subscribe to our YouTube channel: Follow us: TikTok: Twitter: Instagram: Facebook: Subscribe: PBS NewsHour podcasts: Newsletters: ... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing High inflation has been a persistent problem for the Federal Reserve in recent years, making the central bank's job of responding to bank failures even more difficult. The rise in prices of go

Treasury Secretary Janet Yellen told "Face the Nation" that the federal government will not provide a bailout for Silicon Valley Bank's investors. Regulators are working to find a buyer for the bank, which abruptly shuttered Friday. Skyler Henry reports. #news #siliconvalleybank #economy "CBS Weekend News" and "CBS Evening News with Norah O'Donnell" deliver the latest news and original reporting, and goes beyond the headlines with context and depth. Catch the "CBS Evening News" every weekday night at 6:30 p.m. ET on the CBS Television Network and at 10 p.m. ET on the CBS News app. Subscribe to the "CBS Evening News" YouTube channel: Watch full episodes of "CBS Evening News": Follow "CBS Evening News" on Instagram: Like "CBS Evening News" on Facebook: Follow "CBS Evening News" on Twitter: Download the CBS News app: Try Paramount+ free: For video licensing inquiries, co