Is the Banking Crisis Over?

No images? Click here   By Elizabeth O'Brien | March 19, 2023 The last two weeks saw the biggest bank failures since 2008. The collapse of Silicon Valley Bank, and the subsequent failure of Signature Bank, recalled the crisis of 15 years ago, which shook the very foundation of the global financial system. Experts say this time is different. What brought down Silicon Valley Bank was a poorly managed balance sheet, not widespread systemic risk. While quick action appears to have averted catastrophe, fear remains that contagion from the banking sector could spread into the wider economy. Needless to say, it’s a good time to make sure that the money you have in the bank stays within the limits of FDIC insurance, or $250,000 per tax ID, per insured bank, per ownership category (so a couple’s jointly held account would have its own protection on top of any individual accounts held in just one spouse’s name). Federal regulators did make depositors at Silicon Valley Bank whole even if their deposits exceeded the FDIC limit, but it’s best not to count on that happening in every instance. Worried About Your Bank? How to Protect Yourself     Banks Survived Another Week. And the Biggest Ones Look Like Winners.  Investors may find opportunity in the depressed share prices and fat dividends of the biggest banks. The Stock Market Storm Is Far From Over Expect volatility to continue.  Retirees Can Expect to Get Hit With Surging Health Costs Pandemic-induced labor and medical supplies shortages are pushing up costs everywhere in healthcare. Do You Really Need $3 Million to Retire? Some investors believe in an even higher target, a new survey finds.  Here Are Barron's 12 Best Income Investments for the New Year Investors finally stand to earn positive inflation-adjusted returns.   More Barron's Retirement Coverage       Here's How to Use Your Tax Refund to Buy I Bonds  (Yahoo! Finance)  I'm a Solo Ager and I've Hired a Death Doula (Next Avenue)   *** Stay on top of the tech trade with a daily rundown of top-performing tech stocks and the big names making news. Sign up for the Tech Report newsletter by Investor's Business Daily here.      Social Security   Medicare   Required Minimum Distribution calculator   Getting Ready to Retire? Here's a Planning Guide for the 5 Years Before Your Last Day.   Finra's Guide to Social Isolation and the Risk of Investment Fraud   The SEC's Guide to Identity Theft, Data Breaches, and Your Investment Accounts           This mailing was sent to aymentanaze.news@blogger.com,  because you signed up to be a Barron's newsletter subscriber. Manage Email Preferences | Privacy Notice | Cookie Notice | Contact Us Barron's | 1211 Avenue of the Americas | New York, NY 10036 ©2023 Dow Jones & Company, Inc. All Rights Reserved .         Unsubscribe