Article Title: Are Your Deposits At Risk In A Banking Crisis?
Snippet of Article: "...Much has been debated about whether the financial market is headed for a crash but at the heart of it, it’s critical Americans know their cash is safe in the U.S. banking system. That confidence was tested after three banks failed in recent weeks, two of which prompted emergency backing by the government since most of the depositors would have been unable to access their funds without swift federal action.
The long-standing federal fund that insures deposits at failed banks risked depletion otherwise—Silicon Valley Bank was the second largest bank failure in U.S. history and shut down abruptly after depositors fled at an alarming rate, driven by social media posts. ..."
Source: www.forbes.com
