The travails of Silicon Valley Bank (SVB
VB
Stable Banks
You can have stable, non-dodgy banks if you want them. They are called “narrow banks” or “payment banks”. They are banks that hold customer deposits but do not take those deposits and lend them to startups or gamble them on foreign exchange transactions or bet on horses with them or whatever else it is that bank risk officers will allow. They just hold your money and instead of paying you interest on it, you pay them fees for doing useful things.
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