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Yea, but how do you estimate risk? As I said, all top 20 banks are supposed to be pretty stable, and SVB was one of them. Credit Suisse was also very big. If on
by deepsun 4y ago
Yea, but how do you estimate risk? As I said, all top 20 banks are supposed to be pretty stable, and SVB was one of them. Credit Suisse was also very big. If one is not a banker (and we are not), it's kinda hard to know the risk.
ATM is not really a reason for business banking. But Wires are, especially when you need to pay an international contractor in a foreign currency. And businesses usually have more than $250k.
- roflyear 4y agoWell, it's true that I probably would not be able to do that to a high level of accuracy. But that's my reason for picking a bank. I suppose that picking SVB or CS or whatever was still a good choice, because you wouldn't have lost your money!