Another day of banking concerns is dragging down markets. Credit Suisse appears to be the latest bank on the brink, as the Saudi National Bank says it won’t provide it any more capital. Investors here at home are hoping U.S. financials aren’t exposed to any counterparty risks here. We’ll tell you all you need to know, including how to protect your portfolio here.

Both SVB & Signature Bank are now out of business, while First Republic has secured funding from J.P. Morgan & The Fed. A major issue has been the safety of accounts over the $250,000 FDIC cap. But President Biden had some encouraging words this morning, after the government announced a new facility that will offer 1-year loans to banks and pay them par for collateral like treasuries & mortgages to stem the tide. But big questions remain. Is there another shoe to drop in the banking sector? Should the government have stepped in? And could the Fed now pause or pivot as a result of this? We’ll debate, and tell you all you need to know.