28 March 2023
Bank collapses. Should we be worried?
I think there will probably be more small banks failing in the US and that these failures may have an economic impact in some regions of the US. However, everything I read suggests that the small bank failures are unlikely to affect the larger, better-regulated banks in the US and even less likely to affect New Zealand banks. I will continue to keep my money in a New Zealand bank – and I will still sleep at night.