Regulators just shut down Silicon Valley Bank, also known as ‘SVB Financial,’ in the largest U.S. bank failure since the 2008 financial crisis. Shares were halted all day long as the bank’s capital raise reportedly failed.
And yet because of the strong jobs report this morning, some folks are still saying the Fed should hike by another half point at its next meeting in 10 days. But should they actually be slamming the brakes?
We’ve got full team coverage of all that you need to know, and will explain what’s at stake for markets, the economy and your money.