March 2023 has seen the start (and hopefully the end?) of a financial industry crisis that has captivated Wall Street and many Americans. It all started on Wednesday, March 8th when Silicon Valley Bank in Santa Clara, CA announced it needed to raise capital to shore up losses on its available for sale securities portfolio. What followed next amounted to the 2nd and 3rd largest bank collapses in American history. In this episode, we discuss the failure of Silicon Valley Bank and Signature Bank as well as the best way for individuals to ensure their cash balances are protected. If you are interested in learning how to effectively manage your cash to ensure it is both secure and earning a fair return, we think you’ll enjoy this episode. Thanks for listening!

For those who are interested in even more detail about managing your cash balances in light of the current challenges in the banking industry, check out our blog post covering the same topic at https://pw-wm.com/learn/financial-planning/banking-crisis-are-your-assets-safe/.