Another Bank Crash Jolts Financial Sector

The trend of failing banks continues as New York Community Bank collapses and Moody's changes its rating for the longtime financial institution to "junk." This is another in a series of mid-size regional banks to have fallen. Why is this continuing to happen? Have banking executives not learned the lessons of recent failures? Is the industry naturally consolidating? Is your bank next?

Swiss America CEO Dean Heskin and Chris Agelastos break down what's happening, why NYCB fell, what happens next and how you can protect your savings on The Secret War on Cash.

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Articles discussed in this podcast:
New York Community Bancorp Cut To 'Junk' By Moody's: 33% Of Deposits Uninsured | ZeroHedge
New York Community Bancorp Collapse Nears 27-Year-Lows After 'Talks With Regulator' Revealed | ZeroHedge