The turmoil returned to the markets yesterday less than 24 hours after her intervention. Bank of Switzerland with a $54 billion loan in the winter Credit Suisse and to save the second largest Swiss bank.

investors they are looking for the next vulnerable bank to fail, and anxiety begins to spread around the world, bringing with it falling bank stocks and ominous forecasts like the one Nouriel Roubini spoke of. new financial crisiswith Credit Suisse now the new Lehman Brothers.

European bank shares rebounded early in Europe, with the EuroStoxx 600 banking index up 3.7% and Credit Suisse up 40% before slipping to 25%.

JPMorgan Chase, Bank of America, Citigroup and Wells Fargo will give $5 billion each, Goldman Sachs and Morgan Stanley will give $2.5 billion each, and BNY Mellon, PNC Bank, State Street, Truist and US Bank will give $1 billion . its shares soared to close 10%. With obvious relief, in a joint statement, US Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell welcomed the agreement to bail out the struggling lender.

Founded in 1985, First Republic offered mortgages to wealthy Californians, and SVB funded start-up and sometimes unreliable technology companies. In recent years, investors have poured unprecedented capital into high-tech companies, and since then the two US banks have had the same customer base.

Since yesterday, investors have targeted many regional mid-sized financial institutions.

Investors have also targeted many mid-sized US regional banks since yesterday.such as Western Alliance Bancorp, PacWest Bancorp, KeyCorp, Comerica Inc and Fifth Third Bancorp, their shares fell sharply, with some shedding 3.5% and others shedding 30%.

However, many of the big US banks have not been left untouched, with shares of giants JP Morgan, Morgan Stanley and Bank of America down 1% to 1.5% since the start of the session. Meanwhile, worries are spreading across Europe, with CFOs from several German companies such as Hapag-Lloyd and BASF saying they are following developments closely, and market participants stressing that “the scale of developments and the speed with which they were transferred to cash markets.”

“A loan of 50 billion francs is not enough”

The Swiss authorities stressed that Credit Suisse will receive a loan of 50 billion francs because the second largest Swiss bank “meets the capital adequacy and liquidity requirements for systemically important banks.” However, market analysts note that the loan will not solve all of the bank’s problems as Credit Suisse slipped and suffered from its past investments in toxic securities and its $5.5 billion loss-making exposure to the Archegos fund.