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.
"A soft landing now looks unlikely, with the airplane in a tailspin (lack of market confidence) and engines about to turn off (bank lending)," JPMorgan said.
The billionaire investor called for a temporary pause in interest-rate increases given the threat to financial stability from the ongoing banking turmoil.