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Understanding bank runs, failures and delayed paychecks

Compass Coffee baristas kept the caffeine flowing this week, but their paychecks froze after the DC start-up’s bank – Silicon Valley Bank – failed on March 10th. A spokesman from the local coffee house says all employees got their wages by March 13th after the federal government stepped in to backstop all the money deposited at the failed bank. And while this move by the government gave many a sigh of relief, many questions remain about what this bank failure means for the economy. This WTOP financial contributor Barry Glassman, President of Glassman Wealth Services, explains what happened to Silicon Valley Bank, why Compass Coffee employees were impacted and how we should react.  

Emergency guide: What you should do to prepare for emergencies

WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
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