Key banking crisis lesson: ‘The first line of defense should always be cash,’ advisor says

People wait outside the Silicon Valley Bank headquarters in Santa Clara, California, to withdraw funds after the federal government intervened upon the bank’s collapse, on March 13, 2023. Nikolas Liepins | Anadolu Agency | Getty Images It’s been an unsettling period for consumers and the financial markets as the collapse of Silicon Valley Bank has … Read more

The Federal Reserve is still expected to go through with a rate hike. What that means for you

Rate hikes, one year later For its part, the Fed has already hiked its benchmark fund rate eight times over the last year to its current level between 4.5% and 4.75%. The federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another … Read more

‘Be mindful of your risk’: Money manager tackles Silicon Valley Bank fallout on ETFs

There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors CIO John Davi has financials topping his watch list. “You need to be mindful of your risk,’” Davi, who runs the AXS Astoria Inflation Sensitive ETF, told CNBC’s “ETF Edge” this week. The fund is … Read more

European Central Bank raises rates by another 50 basis points despite market turmoil

European Central Bank (ECB) President Christine Lagarde announces a new monetary policy decision. Frederick Florin | Afp | Getty Images The European Central Bank on Thursday announced a further rate hike of 50 basis points, despite turmoil in banking stocks. The ECB had signaled for several weeks that it would be raising rates again at … Read more

‘Buy, hold and re-roll’ these short-term bonds as banking sector rattles markets, experts say

If the market gyrations and Silicon Valley Bank’s failure are rattling your faith in stocks, there are places to look for safety. In fact, investors flocked into Treasurys and gold on Monday after the collapse of Silicon Valley Bank and Signature Bank , and the government’s subsequent plan to backstop the banking system. Yet experts … Read more

Why you should buy everything with credit cards — provided you meet 1 condition

Having multiple credit cards and playing the rewards game can save you hundreds of dollars each year — if you’re smart about how you use the cards. “The big fork in the road is whether or not you carry a balance,” said Ted Rossman, senior analyst at and “I think you should use … Read more

Are your bank deposits FDIC-insured? What to know in the wake of Silicon Valley Bank, Signature Bank closures

A man walks by the headquarters of Silicon Valley Bank on March 10, 2023 in Santa Clara, California. Liu Guanguan | Getty Images Most consumers have FDIC coverage The FDIC was created in 1933 following thousands of bank failures. Since coverage began in 1934, no depositor has lost insured funds due to a bank failure. … Read more

What Signature Bank, Silicon Valley Bank failures mean for consumers and investors

A customer stands outside of a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images After two bank failings and dramatic moves from U.S. regulators to protect depositors, financial advisors have a message for consumers: Don’t panic. The U.S. government on Sunday approved plans to … Read more

Fed and FDIC discussing backstop to make SVB depositors whole and stem contagion fears: Source

The Federal Deposit Insurance Corp. headquarters in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Financial regulators are discussing two different facilities to manage the fallout from the closure of Silicon Valley Bank if no buyer materializes, according to a source close to the situation. One way that the regulators would step in would … Read more

Here’s what could happen next for Silicon Valley Bank customers

A customer stands outside of a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Silicon Valley Bank’s customers, along with investors and bankers across the globe, are waiting for an announcement from U.S. regulators about what comes next after the largest bank failure since … Read more