Markets on alert after US banks join forces to rescue First Republic – business live

Here’s a handy explainer for those scratching their heads over what this all means: How to understand Credit Suisse, Silicon Valley Bank and fears of a new crisis. By the Guardian’s banking correspondent, Kalyeena Makortoff, and financial editor, Nils Pratley.

People worry that that this is the start of what some fear could be a global, slow-rolling banking crisis.

First, the collapse of Silicon Valley Bank in the US caused…