SVB, The US Banking System, and You!
How to keep yourself Safe
There has been a lot in the news lately about the SVB collapse, bank runs, and now the FED with their latest interest rate decision, but how does all of this impact you?
Banks work on a fractional reserve system, which means that only a portion of what is deposited is actually stored by the bank. The rest of it is loaned out by the bank to make a re…