Silicon Valley Bank, a bank known for providing services to almost half of all US venture capital-backed technology and life sciences companies, collapsed in recent weeks.
This has resulted in fears about the safety of banks worldwide.
The Swiss National Bank stepped in to rescue Credit Suisse, adding to the worry around the banking sector.
The share prices of banks globally have decreased as a result of this news.
According to The Guardian, the news of the Silicon Valley Bank collapse has caused investors to lose faith in the banking sector, with the share prices of many other banks falling.
The Times notes that the collapse of Silicon Valley Bank has led to questions about the safety of banks, particularly those focused on specialising in specific industries.
The Guardian quotes an analyst saying, "there is no guarantee that any bank is completely safe, even if it specialises in a particular sector."
However, some analysts feel that the situation may not be as dire as it seems.
The Financial Times suggests that those who are concerned about the banking sector are overreacting.
The publication quotes an analyst saying, "although we recognise the concern around the banking sector, we believe the situation is not as bad as it seems.
" The Financial Times also suggests that interest rates may not rise as much as anticipated, which could alleviate the fall in share prices.
Overall, the collapse of Silicon Valley Bank and the rescue of Credit Suisse by Swiss National Bank have caused concern about the safety of banks worldwide, leading to a decrease in share prices.
While some analysts feel that investors are overreacting, others suggest that there is cause for concern.