Broker Check

Everything You Need to Know About Silicon Valley Bank in 5 Minutes

March 15, 2023

Key Takeaways

  • 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