Banking sector uncertainty continues with SVB and Credit Suisse in limbo.
The banking sector is expected to face another week of volatility and existential questions despite official efforts to stabilize markets. The fate of Silicon Valley Bank, whose financial issues triggered the recent banking crisis, is still uncertain. UBS is reportedly exploring a deal for all or part of Credit Suisse, which is struggling to find a bottom for its shares. President Biden has called for tougher penalties for executives overseeing failed banks, while the Fed plans to review possible regulatory or supervisory missteps leading up to SVB's collapse.
