Should you be worried about your money, your bank or the U.S. banking system? Experts weigh in

If you’re worried about your bank or the U.S. banking system, know that experts have weighed in. Despite the 2008 financial crisis and the unexpected shutdowns of Silicon Valley Bank and Signature Bank, bank failures are considered extremely rare.

 

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Source Article: https://www.cnbc.com/2023/03/14/us-banking-concerns-what-experts-are-saying-about-your-moneys-safety.html

Our firm is not affiliated with the U.S. government or any governmental agency. Investment advisory products and services made available through AE Wealth Management, LLC (AEWM), a Registered Investment Advisor. Investing involves risk, including the potential loss of principal. Any references to protection benefits, safety, security, and lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified tax professional for guidance before making any purchasing decisions. Our firm is not affiliated with the U.S. government or any governmental agency. This material is intended to provide general information and is believed to be reliable, but accuracy and completeness cannot be guaranteed. Investment advisory services made available through AE Wealth Management, LLC (AEWM). AEWM and Gregory Ricks & Associates are not affiliated companies. 01732720 – 3/23