Global Markets Brace for Next Bank Failure Amidst Stock Market Turmoil.

The Dow fell by over 600 points as banking fears spread across global markets, with Credit Suisse's shares down by more than 20% after its biggest shareholder chose not to increase funding. The collapse of Silicon Valley Bank and Signature Bank has pushed the B-word back to the center of the nation’s political and economic debates, with former Goldman Sachs CEO Lloyd Blankfein agreeing that more regulation is needed to prevent a situation like Silicon Valley Bank’s collapse from happening again. Home builder confidence climbed for the third consecutive month, even as mortgage rates climbed higher for buyers. Bridgewater Associates founder Ray Dalio warned investors that there's more pain ahead for the global financial system.