Wealth Advisors and Portfolio Managers Stephen Ellis and Robert Wolfson aka "The Gents" discuss US bank failure(s). Specifically, they discuss the recent failure of Silicon Valley Bank... the reason for the failure, the size and scope of the bank, as well as the action taken by regulators to protect uninsured depositors. They also discuss just how common bank failures are in the US as well as some interesting facts around when and where these failures occur. Enjoy the episode!
Wealth Advisors and Portfolio Managers Stephen Ellis and Robert Wolfson aka "The Gents" discuss US bank failure(s). Specifically, they discuss the recent failure of Silicon Valley Bank... the reason for the failure, the size and scope of the bank, as well as the action taken by regulators to protect uninsured depositors. They also discuss just how common bank failures are in the US as well as some interesting facts around when and where these failures occur. Enjoy the episode!