BW #7: Bank failures
Last week, Silicon Valley Bank collapsed. How often does this happen? Where are collapsed banks located, and big are they?
This week’s topic: Bank failures
When I was little, I had a very naive view of banks: You put your money into them for safekeeping, and when you need the money back, you can take the money out. Not bad!
At some point, my parents explained to me that actually, it’s even better than that: You put your money in the bank, and as a “thank you” for letting them…