Personal Finance/Wealth Management

Should You Be Concerned About Bank Failures?

Two financial powerhouses, Credit Suisse & Silicon Valley recently collapsed

The collapse of Credit Suisse and Silicon Valley caused panic among savers. Photo by Clay Banks on Unsplash

No savers want to lose their deposit in any bank, so it is no wonder when savers rushed to withdraw money from Credit Suisse when they announced they are in difficulty. Up to 10 billion Swiss Francs were withdrawn within days…