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svb collapse

An illustrative stock chart and Credit Suisse logo displayed on a phone screen.
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Europe now feels the US financial panic

Days after the collapse of Silicon Valley Bank and Signature Bank sent shockwaves through the US financial system, now Credit Suisse, a major European bank, is in serious trouble.

The Federal Reserve building is pictured in Washington, U.S.
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SVB collapse & interest rates: What’ll the Fed do?

Markets were still all over the place Tuesday over fears that the collapse of Silicon Valley Bank might trigger a domino effect that makes not only investors but also ordinary Americans lose confidence in the banking system.

​U.S. President Joe Biden delivers remarks after the collapse of Silicon Valley Bank (SVB) and Signature Bank in Washington, D.C., March 13, 2023.
News

SVB collapse: Don’t say the B-word

US President Joe Biden on Monday addressed the nation to assure Americans that, whatever the fallout from the collapse of Silicon Valley Bank, their deposits and the entire banking industry are both "safe."

Silicon Valley Bank logo seen through broken glass.
News

Yellen brings bazooka to stop SVB contagion

The US government steps in to stop the collapse of Silicon Valley Bank from turning into another financial crisis.