02/05/2023
The second largest bank collapse since the 2008 Financial Crisis was completed yesterday when JPM bought out First Republic after regulators shut down the bank.
This occurred 7 weeks after the SVB and Signature Bank collapses and may signal more turmoil in regional banks this Summer.
This has people wondering where to trust putting their money if they canât trust their bank.
Investors and Savers are flocking to Money Market investment accounts and as a bonus, you can begin to invest those hard earned savings with the additional benefits that having a MM account.
MM accounts are not actively invested money. So cash in those accounts will not go anywhere unless you elect to purchase stock or other investment funds.
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