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How to Ensure the Safety of Your Money in the Wake of SVB and Signature Bank Failures

Economic fears are growing after Silicon Valley Bank and Signature Bank collapsed within days of each other. The failures sent bank stocks into a tailspin and spooked customers now afraid of what might happen if their bank fails, too. As federal regulators work to clean up the mess, Axios' Business Editor Dan Primack and New York Times Columnist Ron Lieber spoke with Crystal Haynes about what went wrong with those banks and how the rest of us can keep our money safe. GBH News is a premier source for in-depth local news and original story telling based in Boston, Massachusetts. Subscribe to the GBH YouTube channel: Follow GBH News on Instagram: Like GBH News on Facebook: Follow GBH News on Twitter: ... ( 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 The recent failures of Silicon Valley Bank (SVB) and Signature Bank

One possible rewritten title could be: How Concerns of a Recession May Trigger Economic Downturn, According to Certain Experts.

Some financial experts say the U.S. is headed into a recession, defined as two back-to-back quarters of falling GDP, as inflation continues to soar. In the first quarter of 2022, the U.S. GDP dropped by 1.6%. Javier David, managing editor for business and markets at Axios, joined CBS News to discuss why some experts say consumer fear could make matters worse. #news #recession #economy CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: Watch CBS News: Download the CBS News app: Follow CBS News on