What the banking turmoil means for you

March 21, 2023
Silicon Valley BankSilicon Valley BankBenjamin Fanjoy/AP Photo
The Silicon Valley Bank sign hangs above one of its branches in San Jose, CA, on Monday, March 13, 2023. The federal government intervened Sunday to secure funds for depositors to withdraw from Silicon Valley Bank after the banks collapse.

Closures of two banks in the U.S., and the rescue of a third, have people wondering whether their money is safe. We break down what this means for Coloradans, and what questions you should ask your bank to know more about their stability. Tatiana Bailey, an economist who runs Data-Driven Economic Strategies in Colorado Springs, talks with Colorado Matters.