The Future of Banking After the Recent Meltdown.

Global banks have had their worst week since 2008, with the collapses of Silicon Valley Bank and Signature Bank causing widespread fallout. Credit Suisse and First Republic also wobbled but remained upright through the week, with Credit Suisse announcing it will take up to $53.7 billion in support offered by the Swiss central bank to stay afloat. Meanwhile, Meta Platforms announced a shift in strategy towards artificial intelligence and cost-cutting measures, pleasing investors and causing shares to rise nearly 9%.