What risk are you talking about? If one of those banks fail, FDIC will step in and find another bank to take it over, and Vanguard will not blink.Wish I did. Still it's better to avoid risk if possible. Vanguard does have the option where you can request that your money not be placed into a particular bank.It really does not matter. FDIC insured.I came across this interesting article today: https://dailyhodl.com/2024/04/06/sp-glo ... rioration/. Please keep an eye on the participating program banks in Vanguard's Bank Sweep Program Bank List https://personal.vanguard.com/pdf/Bank_ ... _Banks.pdf.
According to the article, two of the banks on the current list, Synovus Financial and Valley National, were downgraded by Standard & Poors. I checked and none of my money is currently in either of these two banks.
Please begin to worry if you have more than $1.25 MILLION in CP. Do you?
https://investor.vanguard.com/accounts- ... us-account
You are worrying about nothing.
I expect a lot of regional banks will fail because of CRE.
Statistics: Posted by anagram — Fri Apr 12, 2024 3:21 pm — Replies 646 — Views 83352