Trouble with two big U.S. bank failures: Domino effect or nipped in the bud?

For more: Global markets remained volatile after the failure of Silicon Valley Bank (SVB) and New York-based Signature Bank over the weekend. SVB was the backbone of many start-ups and venture capital funds around the world. Thousands of technology companies are facing financial uncertainty after the failure of America’s 16th largest bank. Although the Biden administration made efforts to shore up market confidence in the past two days, it failed to assuage fears of possible bank contagion following the collapse of SVB, which is the second-biggest bank failure in U.S. history since the 2008 financial crisis. What’s next? Will the Fed ease up on its interest rate increase to take pressure off the banking sector? And how much can the government do to regulate and protect banks? Subscribe to us on YouTube: Download our APP on Apple Store (iOS): Download our APP on Google Play (Android):