Businesses beware: The collapse of Silicon Valley Bank sends a stark reminder of the impact a bank failure can have.&nbsp;In this episode, we explore the far-reaching consequences of the bank run that caused its downfall and the importance of FDIC insurance for both individuals and businesses.&nbsp;Listen to learn more about the impact of Silicon Valley Bank's collapse on businesses and the importance of FDIC insurance for depositors.Key Points:[1:16] #1 The collapse of Silicon Valley Bank[3:15] #2 What happens when a bank collapses and the importance of FDIC insurance[5:38] #3 The impact of a bank's collapse on the businesses that banked at that bankIf you loved this episode, you have to listen to these episodes as well:&nbsp;>> <a href="https://minority-money.captivate.fm/episode/the-value-of-a-financial-advisor" rel="noopener noreferrer" target="_blank">The Value of a Financial Advisor&nbsp;</a>>> <a href="https://minority-money.captivate.fm/episode/planning-your-life-and-finances-a-2022-mashup" rel="noopener noreferrer" target="_blank">Planning Your Life & Finances - a 2022 Mash Up</a>>><a href="https://minority-money.captivate.fm/episode/own-your-home-and-grow-your-mental-wealth-with-carlese-laurent" rel="noopener noreferrer" target="_blank"> Own Your Home and Grow Your Mental Wealth</a>I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts (<a href="https://apple.co/3jN77Mv" rel="noopener noreferrer" target="_blank">https://apple.co/3jN77Mv</a>), Spotify (<a href="https://spoti.fi/3jParH0" rel="noopener noreferrer" target="_blank">https://spoti.fi/3jParH0</a>), Google Podcasts (<a href="https://bit.ly/3n3i8vb" rel="noopener noreferrer" target="_blank">https://bit.ly/3n3i8vb</a>), or on your favorite podcast app and SHARE THIS 👉 (<a href="https://bit.ly/3l18yWQ" rel="noopener noreferrer" target="_blank">https://bit.ly/3l18yWQ</a>) with a friend.**********Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com I Can't wait to meet you.

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The Ripple Effect of Silicon Valley Bank's Collapse

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