The turmoil that drove Silicon Valley Bank and Signature Bank out of business, rocking the wider banking sector, has analysts bracing for the next possible crisis: the $20 trillion commercial real estate market.

Senators derided SVB's former CEO Gregory Becker at a hearing about the reasons for the failure of his bank. “It sounds a lot like ‘my dog ate my homework,’” one said

As part of its deal, all 84 First Republic branches in eight states – including  seven in Santa Clara County, 15 in San Francisco, six in San Mateo County, eight in the East Bay and 17 in Southern California – will reopen this morning as JPMorgan branches.

A Sunday night deadline loomed as JPMorgan and PNC were said to be interested in acquiring the troubled lender after it is seized by the Federal Deposit Insurance Corporation.

The April 21 downgrading of the credit ratings of 11 regional banks by Moody’s raised new doubts about their stability, while their leaders said the turmoil spurred by last month’s collapse of Silicon Valley Bank has passed.

The March 27 purchase by First Citizens Bancshares of all assets and liabilities of the failed Silicon Valley Bank did not include a community reinvestment pledge signed by SVB in 2021 as part of an acquisiton of Boston Private Bank.

Federal regulators blame banks' poor management, while U.S. Senators this week sharply questioned oversight after Silicon Valley Bank and Signature Bank failures rattled the financial system.

Two weeks after the bank failed, the fallout has hit the start-up market as investors pull back further.

The Federal Deposit Insurance Corporation, ending its search for a buyer of the failed Silicon Valley Bank, announced late Sunday a government-backed deal in which First Citizens Bancorp will buy the bank's loans and assets.

The picture that is emerging of SVB is one of a bank whose leaders failed to plan for a realistic future and neglected looming financial and operational problems, even as they were raised by Fed supervisors.

Bluster and hubris at Silicon Valley Bank built a bank that damaged others along the way.

The shockwaves and aftershocks of the failure of one bank are likely to linger for years, and these tremors will likely change the way companies are built in the future.

Moody’s downgraded the credit rating of six regional banks, including the holding company of San Jose’s Bridge Bank.

Shares of Western Alliance Bancorp (WAL) – the parent company of San Jose’s Bridge Bank – took an 84% plunge in the first 90 minutes of trading, before rebounding to $23.09 per share by 1:30 EDT.

The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation announced in a joint statement Sunday that all Silicon Valley Bank depositors will have access to all of their money starting Monday, March 13, and that none of these costs will be paid by U.S. taxpayers.

For most banks, higher interest rates are good news because they can charge more for loans. But for SVB, they hurt.