Banking crisis? How worried should I be?
When the US president himself goes out of his way to tell people that their money is safe, then you know the government is taking a financial crash seriously.
Two banks in the US have collapsed since 10 March - Silicon Valley Bank (SVB) and Signature Bank - the biggest bank failures since 2008.
Both catered to businesses and had ties to the technology industry, which has been struggling due to sharp falls in crypto currencies and souring sentiment among investors.
When the country's 16th largest bank SVB said it needed to raise money, customers panicked and rushed to withdraw their deposits. In less than 48 hours, nearly a quarter of the bank's funds had gone.
After the panic spread to Signature, regulators said they would guarantee all deposits at both banks, not just the $250,000 required by law.
"We felt that there was serious risk of contagion that could have brought down, and triggered runs on, many banks," US Treasury Secretary Janet Yellen said.
