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volatility. a tumultuous few days. what is going on now? reporter: everyone is clearly on edge just kind of waiting for the next shoe to drop here after that implosion of silicon valley bank. what we ve seen is credit suisse has gotten a lot of attention today as we just showed that bank down 20%, kind of record lows. this european bank has been in turmoil for literally years. one wall street veteran likened it to a slow moving car crash. what is new is they warned of material weakness in their financial reporting earlier this week and then today their biggest backer, a saudi bank, came out and basically said they re not interested in putting any more money into this bank. this is just adding to the concern we ve seen about the banking system. u.s. officials are watching this closely. the treasury department says they are monitoring the credit suisse situation and have been in touch with their global counterparts. regional banks are also in the red here in the united states. first re

Silicon valley bankCredit suisseFirst republic bankCar crashMaterial weaknessNone wall streetBanking systemIn the redTreasury department