Ten News Explains: What's up with Banking?💸
The Ten News, News For Curious Kids
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The Effects of a Bank Run on the Banking Industry
Pamela Drexler: Silicon Valley Bank collapsed because it had too many eggs in one basket. She says the bank didn't have enough money set aside to cover losses from risky loans they made. A credit crunch can make it harder for people and businesses to borrow money, she says. But don't worry; there are special groups called regulators like FDIC who keep an eye on banks - even up to a certain limit.
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