Despite President Biden’s confidence measures, stocks in global banks dived yesterday as investors withdrew from a sector rocked by the collapse of Silicon Valley Bank (SVB). Analysts say the stock market falls indicate fear about more potential bank failures, which could happen if too many customers try to withdraw their money simultaneously. Customers of SVB got access to their funds yesterday, as promised by the US Treasury. So what next? Besides waiting to see if the dominoes keep falling, analysts have begun speculating that the current financial wobbles might mean central banks will pause or slow their interest rate rises. And in the US, finger-pointing has started with an employee of SVB calling the actions of the bank’s CEO “absolutely idiotic”. In Washington, Democrats (aka Biden’s party) blame a Trump-era relaxation of banking scrutiny.