U.S. Bank Collapses Add to Pressure on Global Central Banks

International policy makers have shifted into firefighting mode as investors fret about possible contagion from bank failures in the U.S.

The abrupt collapse of the Silicon Valley Bank, the second-biggest bank failure in U.S. history, prompted regulators to impose emergency measures to stem the fallout.

WSJ’s Rachel Ensign explains how the crisis unfolded and what could happen next. Photo: Preston Gannaway for The Wall Street JournalFRANKFURT—International policy makers shifted into firefighting mode on Monday as investors fretted about possible contagion from

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