In the light of the recent news of the failure of Silicon Valley Bank and the regulators stepping in at Signature Bank, we wanted to bring clarity to the impact of these actions on the economy and the markets at large.
It’s always scary to see headlines of “bank failure” and pictures of people peering through the windows of banks that have closed their doors. Maybe it is our history books with the Great Depression or even more recent history of the Great Financial Crisis where it is only natural to be concerned with the consequences of two large banks failing.
In this podcast discussion, you’ll learn:
-
- What factors contributed to the collapse of Silicon Valley Bank.
- What happens in the United States when a bank fails.
- Different ways that the Fed might respond to this situation.
Inspiring Quotes
- “When people manage their own money, they consistently underperform the market.” – Mark Kenney
- “Will the Fed continue to raise interest rates, which they’re meeting on as we speak? Or, will they not because something just broke? That’s where the cliffhanger really ends.” – Matthew Peck
Interview Resources
The content presented is for informational purposes only and is not intended as offering financial, tax, or legal advice, and should not be considered a solicitation for the purchase or sale of any security. Some of the informational content presented was prepared and provided by Lone Beacon Media, LLC dba Lone Beacon, while other content presented may be from outside sources believed to be providing accurate information. Regardless of source no representations or warranties as to the completeness or accuracy of any information presented is implied. Lone Beacon Media, LLC is not affiliated with the Advisor, Advisor’s RIA, Broker-Dealer, or any state or SEC registered investment advisory firm. Before making any decisions you should consult a tax or legal professional to discuss your personal situation.
Investment Advisory Services are offered through SHP Wealth Management LLC., an SEC registered investment advisor. Insurance sales are offered through SHP Financial, LLC. These are separate entities, Matthew Chapman Peck, CFP®, CIMA®, Derek Louis Gregoire, and Keith Winslow Ellis Jr. are independent licensed insurance agents, and Owners/Partners of an insurance agency, SHP Financial, LLC.. In addition, other supervised persons of SHP Wealth Management, LLC. are independent licensed insurance agents of SHP Financial, LLC. No statements made shall constitute tax, legal or accounting advice. You should consult your own legal or tax professional before investing. Both SHP Wealth Management, LLC. and SHP Financial, LLC. will offer clients advice and/or products from each entity. No client is under any obligation to purchase any insurance product.
