- The FDIC took over Silicon Valley Bank ("SVB") and Signature Bank last week.
- To boost the stability of the banking system, the government effectively protected all depositors in the banking system.
- While some risk remains, we believe the big, systematic risks are now lower. We encourage investors to remain disciplined in following their long-term plans.
- Full details of what happened and how the government responded are AVAILABLE HERE.
As always, if you have questions or concerns, we are here to help. Call or email anytime.
~ Jennifer and the Purpose Planning Team