The speed with which four banks collapsed - and one continues to struggle - has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brought them down were each unique.
The U.S. Federal Deposit Insurance Corporation (FDIC) on Monday decided to break up Silicon Valley Bank (SVB) and hold two separate auctions for its traditional deposits unit and its private bank after failing to find a buyer for the failed lender last week.
The speed with which four banks collapsed and one continues to struggle has left investors reeling. Here’s how the companies’ turmoil played out, and how regulators responded, amid concern the crisis might still spread