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Customers scramble for money after collapse of Silicon Valley Bank
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03/12/23
It's the largest bank failure since 2008. WBZ-TV's Tammy Mutasa reports.
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I've heard from other videos that a bank can lend up to 10 times more money than they have. Not sure if that is true. Can someone who works in the banking industry verify this?
Also, have you noticed lately that some banks are offering a lot more interest if you take out a CD? They may be trying to fend off failure.