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Why are banks collapsing and is your money safe in the bank?
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Since the%c2%a0collapse of Silicon Valley Bank, the banking system is in turmoil. News of failed and struggling banks has left millions with questions about their money.
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At the same time, the Fed warned that the financial upheaval stemming from the collapse of two major banks is “likely to result in tighter credit conditions” and “weigh on economic activity, hiring and inflation.”
