Fallout from Silicon Valley Bank collapse ripples across the industry

The startling collapse of Silicon Valley Bank and Signature Bank continued to ripple across the American economy even as the U.S. raced to stabilize the banking system.

In a bid to contain the risk of contagion, financial regulators announced Sunday that they will guarantee all deposits at the banks, while President Biden said Monday that "Americans can have confidence that the banking system is safe." Here's the latest on the situation.