What Do Banks Do With Your Money?

The sudden collapse of Silicon Valley Bank in March 2023 was a sobering reminder that even the biggest banks can fail — and potentially take their customers’ deposits with them. The federal government stepped in to cover Silicon Valley Bank’s customers’ deposits, preventing large-scale deposit losses. But because SVB’s failure occurred in part because it … Read more

Empower (formerly Personal Capital) Review – Managing All Your Investments in One Place

Personal Capital offers a suite of investment tools and access to a financial advisor, completely free. Best of all, they let you aggregate all of your financial accounts, and then they provide an investment-related analysis of your entire portfolio. Find out more about this great service in my complete review of Personal Capital. One thing … Read more

20 Largest Banks in the U.S.

The 20 largest banks in the United States include some names you’ve probably heard before, like Bank of America and Wells Fargo. The list also includes banks that aren’t as well-known across the country, like Truist, TD Bank, and State Street. The ranks change every year as upstart banks with better online banking features and … Read more