2 Reasons Why This Bank Is Your Best Defense Against Rising Rates
Many investors' portfolios have taken a beating in the current inflationary environment. And many people new to investing are wondering what to do to protect their hard-earned money. One industry that has historically performed well when the Federal Reserve raises interest rates is banks -- but some perform better than others. Here's why SVB Financial Group (NASDAQ: SIVB) is one of the best banks for your dollars in today's environment.
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Banks typically borrow money from depositors and loan the money out to borrowers -- making profits on the difference between collecting higher interest from borrowers than they pay out to depositors.
Source Fool.com
