NINE DAYS OF MAYHEM

MARCH 8

Crypto lender Silvergate Capital shuts down and liquidates its assets; Silicon Valley Bank (SVB) surprises investors with £1.8bn fundraising after bond losses

MARCH 9

SVB shares fall 60pc as customers rush to withdraw funds, triggering wider sell-off in bank stocks

MARCH 10

US regulators close down SVB; Bank of England announces insolvency process for its UK arm

MARCH 11

Officials assess impact on tech sector as crisis deepens

MARCH 12

Regulators shutter New York’s Signature Bank to prevent spread of financial contagion

MARCH 13

HSBC buys SVB UK for £1; Joe Biden insists US banking system is safe as financial stocks fall further

MARCH 14

Bank stocks recover some of their losses; US officials open probes into SVB’s collapse

MARCH 15

Shares in Credit Suisse fall 24pc to record low as panic reaches Europe; Jeremy Hunt’s Budget

MARCH 16

Credit Suisse gets £45bn lifeline; ECB hikes interest rates; US banks put £25bn into First Republic