Banking Turmoil: Experts Warn of Potential Domino Effect for US Banks.

Four banks collapsed and one continues to struggle in just 11 days, with each scenario that brought them down being unique. Silvergate Capital Corp. was the first US bank to collapse due to its exposure to the crypto industry’s meltdown, followed by Silicon Valley Bank, which collapsed into FDIC receivership. Signature Bank became the third-largest bank failure in US history due to a surge in customer withdrawals, while Credit Suisse Group AG fell due to multiple scandals and multibillion-dollar losses. First Republic Bank has also fallen victim to customer flight.