In response to the SVB's crisis, regulators guaranteed all deposits at the bank and created a program that effectively tow a lifeline to other banks to shield them from a run on deposits. Meanwhile depositors withdraw savings and investors broadly sold off bank shares.
The South Korean and U.S. militaries launched their biggest joint exercises in years Monday, while North Korea said it tested submarine-fired cruise missiles in an apparent protest of the drills it views as an invasion rehearsal.
French President Emmanuel Macron is facing a crucial test this week as the battle over his unpopular plan to raise the retirement age from 62 to 64 is set to reach a peak in the streets and at parliament, deepening a widely shared feeling that he doesn't hear the grievances of the French.
