Two US Banks Just Failed - What Happened, and What Now?
Patrick Boyle's video on Silvergate: https://www.youtube.com/watch?v=kxcwn7xoXhU
Let's talk about the recent bank runs that ultimately caused Silicon Valley Bank (SVB) and Silvergate to collapse, and what it means for the broader economy/financial system.
DISCLAIMER: Richard does not hold a position in any of the companies mentioned in this video. This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).