Silicon Valley Bank was seized by regulators on Friday, marking the first such occurrence since the Great Depression.
This news had a significant impact on the stock market, causing the Dow, NASDAQ, and S&P 500 to close down by significant percentages.
Experts say that this collapse, the second-largest in US history, could expose further vulnerabilities with regional banks.
Despite a decent jobs report showing growth in the workforce, concerns remain about inflation and the upcoming CPI inflation print.
Investors are now grappling with the fallout from this significant event as they try to determine the impact on the market moving forward.