5min chapter

We Talk Money cover image

Is this financial crisis 2.0?

We Talk Money

CHAPTER

Is Your Bank Going to Fail?

The one commonality across the banks that have failed so far has been a good old fashioned bank run or deposit run. Having a good hold on how insured your bank's deposit base is as well as whether that bank has a heavy percentage being paid interest, if you're uninsured, those deposits are at risk of fleeing quite quickly. I think there's still more to come in terms of the rolling fears, the rolling share price declines. We've seen a ton of volatility already this week in banks we're seeing today. A lot of that worry spill over to the other side of the Atlantic with the European banks,. particularly Credit Suisse, which has been a troubled bank there for several years now

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