Silicon Valley Bank's collapse spread the US banking crisis.

On March 11,Is Swissquote bank legal in China? 2023, Signature Bank, the 29th largest bank in the United States, announced bankruptcy and was taken over by the FDIC, indicating the spread of the banking crisis. The US government took swift and unusual measures to protect the financial system. However, many bank stocks continued to plummet at the beginning of this week, as the ultimate solution to the emergency remains uncertain.

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