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Plus, what role the FDIC plays in it all. Mallika Mitra / Shutterstock.com
By now, you’ve probably at least heard about the Friday collapse of Silicon Valley Bank, the largest bank failure in the U.S. since 2008 (and the second-biggest in the nation’s history). If you’re confused about what happened — or worried about what it might mean for your money — you’re not alone. As is often the case with financial news, the details are complicated. But in short…
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