Quite a ruckus broke out at the Board of Education hearing last week. Controversy exploded over personal finance videos created for high school students. The videos were nonetheless unanimously approved by the NH Board of Education. Who knew “compound interest” could be so exciting?
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Pamela J. Brown
Silicon Valley Bank: What Happened…
Silicon Valley Bank took in deposits from businesses and households. It then loaned out some of the deposits. When a bank loans out deposits, it earns a return (profit), because the bank charges “interest” on the loans. All banks do this. But SVB made a big mistake.