Banking industry under pressure after Silicon Valley Bank collapse

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Banking industry under pressure after Silicon Valley Bank collapse
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On SundayTODAY: BCheungz has our SundayFocus on what went wrong to cause two banks to fail this month and what the U.S. government is doing to reassure customers their money is safe in our nation's banks.

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Parent of Silicon Valley Bank seeks bankruptcy protectionParent of Silicon Valley Bank seeks bankruptcy protectionSVB Financial Group, along with its CEO and its chief financial officer, were targeted this week in a class action lawsuit that claims the company didn't disclose the risks that future interest rate increases would have on its business.
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Parent of Silicon Valley Bank seeks Chapter 11 bankruptcy protectionParent of Silicon Valley Bank seeks Chapter 11 bankruptcy protectionThe parent of Silicon Valley Bank, seized last week by the state and federal banking officials, is filing for Chapter 11 bankruptcy protection.
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Silicon Valley Bank’s parent company files for Chapter 11 bankruptcySilicon Valley Bank’s parent company files for Chapter 11 bankruptcyUS bank stocks fell in early trading Friday.
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