Happening now, the second biggest bank failure in US history. Regulators close and seize

Silicon Valley Bank, rattling financial markets, and raising fears that other banks might

collapse. Also tonight Florida Governor Ron DeSantis is making his debut in the

key 2024 battleground state of Iowa.

He has an event soon putting his presidential ambitions

very much in the spotlight just days

before Donald Trump campaigns in the state.

This, as Trump has been invited to appear before a grand jury investigating

his alleged role in covering up hush money payments to adult film star Stormy Daniels,

the move signaling a decision on whether to charge

Trump may happen soon. Welcome to our viewers here in the United States and

around the world. I'm Wolf Blitzer, you're in the situation room.

We begin with the historic collapse of a California bank.

U.S. stock prices sliding amid questions about whether this is an isolated case or a sign of things to come.

CNN's chief White House correspondent Phil Mattingley

is following the story for us,

along with economist Mark Zandy

and our own Matt Egan, Matt, first to you.

How serious is this bank collapse?

A stunning collapse, Silicon Valley Bank may not be a household name, but it has more than $200 billion in assets.

That makes this the biggest collapse of a bank in the United States

since Washington Mutual back in 2008. Now the FDIC has seized control of the bank. They say that depositors will get their money by Monday morning

...