Stocks on Wall Street battle for direction as SVB's failure ignites fears for banks

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SVB
US stock futures jumped Monday after the Biden administration said it would backstop Silicon Valley Bank's customers.

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'No doubt' that more banks will fail after Silicon Valley Bank's implosion, says the FDIC chair who oversaw part of the 1980s banking crisis

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Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.

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