Banks collapse across U.S., stocks wobble

SAN DIEGO (KUSI) – The fallout from the Silicon Valley Bank collapse continued this week as leaders at the federal level and financial sector attempted to calm fears of a larger industry issue.

Silicon Valley Bank and Signature Bank both failed last week, both within a 48-hour span.

KUSI’s Matt Prichard went live with details. Later on “Good Evening San Diego”, KUSI’s Logan Byrnes was joined by KUSI Political Contributor Tom Del Beccaro to discuss the issue further (below).