Treasury Secretary said more rescue efforts could be necessary to prevent contagion
Some customers were caught off guard by the turmoil, at odds with Switzerland's reputation as as stable banking haven
Contagion risks flow in both directions between traditional finance and decentralized finance
SVB was highly susceptible to depositors quickly withdrawing their money at the first sign of trouble
Regulators prevented bank runs in wake of SVB, but rating agencies say funding and liquidity problems persist
Growing share of global companies to confront rising transition risks
Regulator issues initial guidance targeting financial firms' climate risk management, governance
Less diversified, riskier loan portfolios leave banks more vulnerable to downturn
Regulator proposes principles-based guidance on firms' culture
Central banks' pivot could test markets' resilience