The Uncertain Future of Banks: A Week of Turmoil and Chaos.

The banking sector is facing a third week of volatility and existential questions, despite official efforts to stabilize markets. The fate of Silicon Valley Bank, whose financial issues caused the recent banking earthquake, is still uncertain. First Republic Bank investors are also running as the bank suspends its dividend. Credit Suisse's shares continue to fall after securing a $50 billion lifeline from the Swiss National Bank. President Biden has called for tougher penalties for executives overseeing failed banks, and the Fed plans to review possible regulatory or supervisory missteps leading up to SVB's collapse.