Interest rates, bank crises and your money
Money Clinic with Claer Barrett
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HSBC Bailed Out Cryptocurrency Market
SVB had a cool $3.3 billion on deposit with SVB and you're only insured up to 250k. The authorities in the States have stepped in and bailed out the crypto market here, which beats me. When rates are high, equity is better returned quite a bit more or what's the point? In general, when interest rates rise, stocks tend to do poorly. But I think that there's a climate for savers where you can put your money away in a certificate of deposit for a year or two.
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