We will be live-updating this story as new developments emerge.
Watch for updated details from our news team and social media throughout the weekend and into next week.
The latest
The story has moved quickly today, as The Federal Reserve announced that it is creating a new lending facility for the nation’s banks to buttress against financial risks from the collapse of Silicon Valley Bank.
As of Sunday, March 12 at 4:30 p.m., the lead angle to this story is the Washington Post exclusive on a potential plan for regulators to guarantee all deposits at SVB.
Regulators have shut down Signature Bank in a defensive move to prevent the further spread of the crisis.
The Washington Post has reported that all deposits at SVB will be available Monday.
CNBC is tracking the fallout, including the pounding of the Dow.
Fortune detailed the potential sale process.
Decrypt looked at the no-longer-stable USDC that dropped to 87 cents.
The Wall Street Journal looked at the contagion effect.
The All-In podcast delivers excellent context on said “blooper” and more.
Our CEO looked deeper at David Sachs’ “blooper” Twitter thread.
Bloomberg chronicles the preparations for an auction that will likely happen quickly.
The Wall Street Journal reviews the complicated issue of making payroll when assets are locked up.
