Turmoil in the financial system set off by the failure of Silicon Valley Bank has many people feeling a bit uneasy over where they’ve got their money parked. They’re wondering whether their banks could go the way of SVB or New York-based Signature Bank, which regulators also just shuttered. That has caused some consumers to take their deposits over to the big banks – the JPMorgans of the world that are considered too big to fail and more tightly regulated.
Emily Stewart, Vox
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