Last week, the biggest bank you’ve never heard of (First Citizens Bank) purchased what was left of the fallen SVB. The purchase is part of First Citizens’ pretty brilliant business model of buying collapsed banks. Why is it smart to buy a bank that’s failed? Nicole explains.
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Encore: “We finally have some extra money. How should we spend it?” (Listener Intervention)
Originally aired 10.19.21 Today’s Money Rehabbers (AKA the best couple ever) have had some good news in the money department...