Professor Kraske learns a few financial terms whilst his audience is reminded that the world is getting smaller and their money is only protected by trust . . . Check-it . . .
"Finance professor Bill Keeton, of the University of Missouri-Kansas City, says UMB Bank was a victim of what economists call "contagion"; when the financial issues of one bank cause investors and uninsured depositors at another to worry."
Read more via www.TonysKansasCity.com link . . .
How the collapse of two financial institutions caused a Kansas City bank's stock to fall
Following the collapses of Silicon Valley Bank and Signature Bank that had the U.S. financial system on high alert, a Kansas City bank's stock plunged on Monday. UMB Bank, which has the largest customer base of any bank in the Kansas City area, saw its stock price fall nearly 30% that morning.
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