Timothy Sumer

A new study shows the average 401(k) plan dropped last year compared to 2021. ABC News businesses reporter Alexis Christoforous has details. WATCH the ABC News Live Stream Here: SUBSCRIBE to ABC NEWS: Watch More on LIKE ABC News on FACEBOOK FOLLOW ABC News on TWITTER: #401k #ira #retirementaccounts #retirement #investments #abcnews... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Reports Show 401(k) Balances Plunged in 2022 The year 2022 has not been kind to 401(k) account holders. Recent reports indicate that balances have taken a nosedive, leaving many Americans concerned about their financial futures. While the reasons behind this plunge are complex and multifaceted, they shed light on the challenges faced by individuals striving to save for retirement. One of the main contributors to the drop in 401(k) balan

ABC News’ Elizabeth Schulze breaks down the report finding bank managers failed to manage the bank’s risk. WATCH the ABC News Live Stream Here: SUBSCRIBE to ABC NEWS: Watch More on LIKE ABC News on FACEBOOK FOLLOW ABC News on TWITTER: #ABCNLUpdate #signaturebank #fdic #abcnews... ( 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 Federal Deposit Insurance Corporation (FDIC) has released their report on the failure of Signature Bank. The report details the events leading up to the bank's closure, as well as the FDIC's actions to protect depositors and resolve the situation. Signature Bank, based in Minnesota, was closed by the FDIC on May 31, 2019. At the time of its closure, Signature Bank had approximately $131.4 million in total assets and $127.4 million in total deposits. According to the FDIC's rep

President Joe Biden speaks on banking following the failures of Silicon Valley Bank and Signature Bank, reassuring customers they will have access to their money. SUBSCRIBE to ABC News on YouTube: Latest updates: Watch FULL EPISODES on Hulu: #news #biden #signaturebank #siliconvalleybank #finance... ( 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 President Biden recently gave a reassuring statement to the American people saying that ‘our banking system is safe’ amidst the recent collapse of two large banks. The president’s statement came as a sigh of relief to those who were worried about their investments, savings, and the stability of the banking system as a whole. The collapse of these banks was a result of the ongoing economic downturn caused by the COVID-19 pandemic. While many businesses have been impacted by the

Sources told ABC News that the FBI will be looking into whether any of Silicon Valley's senior leadership got unusual bonuses or sold stocks in the days leading up to the bank's collapse. WATCH FULL EPISODES OF WORLD NEWS TONIGHT: WATCH WORLD NEWS TONIGHT ON HULU: #worldnewstonight #abcnews #DOJ #sec #siliconvalleybank #svb... ( 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 Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have launched separate investigations into the failure of Silicon Valley Bank, which occurred in March of this year. According to reports, the DOJ's probe will investigate possible fraud or other criminal conduct related to the bank's failure, while the SEC's investigation will focus on potential securities law violations. Silicon Valley Bank, which prima

Author and business coach Rachel Rodgers shares some survival tips you can follow to navigate a recession. SUBSCRIBE to GMA's YouTube page: VISIT GMA's homepage: SIGN UP to get the daily GMA Wake-Up Newsletter: FOLLOW GMA: TikTok: Facebook: Twitter: Instagram: WATCH full episodes: #GMA... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing In today's uncertain economic climate, every penny counts. With recent economic indicators pointing towards a potential recession looming in our near future, preparing financially is more important than ever. Here are some money-saving tips to help you prepare for a recession. 1. Create a budget One of the most important things you can do to prepare for a recession is to create a budget. Take a hard look at your expenses and identify areas where you can cut back. This may mean makin

In part 2 of this installment of the FiveThirtyEight Politics podcast, the crew looks back at the bailout of American banks during the 2007-'08 financial crisis. Website: Merch: Twitter: Facebook: Podcast: ... ( 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 Bank Bailout Politics 2.0 is a hot topic today, and the FiveThirtyEight Politics Podcast delves deep into the issue. The podcast explores the political implications of the 2008 bank bailouts and their impact on modern-day politics. It also examines how political actors are reacting to the current economic crisis and challenges facing the banking sector. The podcast begins by revisiting the 2008 bank bailouts, which had a significant impact on the US economy. The bailout package was a controversial move, with many politicians and citizens disagreeing on the d

Meanwhile, SVB’s parent company is filing for Chapter 11 bankruptcy to sell off its non-bank assets and raise cash. #banking #money #news #abcnews... ( 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 Broadway community has been rocked by recent news of bank failures, as several major financial institutions that have traditionally funded Broadway productions are now struggling to stay afloat. Bank of America, Citigroup, and JPMorgan Chase have all been reported to have seen significant declines in their profits and financial stability, leaving many production companies scrambling to find alternative sources of funding. This has led to a rise in the number of small, independent production companies seeking crowdfunding or private investment to cover the costs of their productions. However, while this may seem like a viable

After Silicon Valley Bank's dramatic downfall, Treasury Secretary Janet Yellen insisted a government bailout is off the table. WATCH FULL EPISODES OF WORLD NEWS TONIGHT: WATCH WORLD NEWS TONIGHT ON HULU: #worldnewstonight #yellen #siliconvalleybank #bailout #siliconvalley... ( 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 news of Silicon Valley Bank (SVB) faced with significant financial challenges and requesting a bailout from the Federal Reserve has not received the positive response it had hoped for. The current treasury secretary, Janet Yellen, has made it clear that no bailout will be provided to SVB. As the head of the Federal Reserve from 2014 to 2018, Yellen has extensive experience dealing with financial crises and ensuring the stability of the US economy. Her decision to deny a bailout for SVB is

ABC News' correspondent Alexis Christoforous explains what it means for an economy to be in recession. #ABCNews #recession #economy #unemployment #prices #supplychain #FederalReserve... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing A recession is a term used to describe a period of economic decline. In other words, it is a time when the economy experiences negative growth, which leads to a decrease in the gross domestic product (GDP). This can happen for a variety of reasons, but often it is due to a slowdown in consumer spending or a decrease in business investments. When a recession occurs, it can have a significant impact on the economy as a whole. The unemployment rate may rise, businesses may shut down or reduce their workforce, and consumers may struggle to make ends meet. Governments often respond to a recession by implementing poli

ABC News’s Mona Kosar Abdi joins from a New York City Signature Bank location where customers are being reassured that their money is safe. SUBSCRIBE to ABC News on YouTube: Latest updates: Watch FULL EPISODES on Hulu: #news #signaturebank #money #banks #abcnews... ( 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 May 10, 2021, the collapse of Signature Bank became the third-largest bank failure in U.S. history. The Texas-based bank had been struggling for years before being taken over by the FDIC in a bid to save it from total collapse. The bank's failure came as a result of a series of bad loans, mismanagement, and declining profits, all of which contributed to its eventual collapse. Signature Bank, which was founded in 2004, was once one of the fastest-growing banks in the U.S. It had a strong focus on small and

Experts weigh in on whether the collapse of Silicon Valley Bank and the U.S. Treasury's latest response is a bailout. SUBSCRIBE to ABC News: WATCH MORE on LIKE ABC News on FACEBOOK: FOLLOW ABC News on TWITTER: #news #siliconvalleybank #bailout #banks #abcnews... ( 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 Silicon Valley Bank is a well-known financial institution that specializes in providing banking services to startups, technology companies, and venture capital firms. Recently, rumors have been circulating that Silicon Valley Bank may be receiving a government bailout. This has led to a lot of speculation and concern among tech entrepreneurs, investors, and industry experts. First, it's important to understand why Silicon Valley Bank might need a bailout in the first place. The COVID-19 pandemic has had a s

Treasury Secretary Janet Yellen said the government will remain vigilant and take additional steps as needed to support the banking system.... ( 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 As the global economy continues to suffer the consequences of the COVID-19 pandemic, concerns are growing over the potential for more bank failures in the near future. Economists and financial experts are warning that the ongoing economic disruption could push some of the world's most vulnerable banks over the edge, risking a new wave of bank failures that could further amplify the economic shockwaves already being felt. Many countries have already experienced significant banking disruptions due to the pandemic. For example, in the United States, the Federal Deposit Insurance Corporation (FDIC) closed 5 banks in 2020, up from just one

During his visit to Syracuse, New York, President Joe Biden touted Micron’s investment in chips manufacturing, while doubling down on the message that Republicans would make the economy worse.... ( 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 https://inflationprotection.org/biden-says-gop-led-congress-would-increase-inflation/?feed_id=38956&_unique_id=6370899702b23 #Inflation #Retirement #GoldIRA #Wealth #Investing #biden #economy #GOP #inflation #investment #joe #Micron #p_cmsid2494279 #p_vidnews92227624 #Syracuse #the #InvestDuringInflation #biden #economy #GOP #inflation #investment #joe #Micron #p_cmsid2494279 #p_vidnews92227624 #Syracuse #the