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The International Criminal Court issues an arrest warrant for Russian President Vladimir Putin.

Plus, the odds of a recession in the US are higher as a result of the banking crisis.

Even ahead of this turmoil in the banking system, consumers are getting a little bit concerned about the prospects for the economy.

And for businesses, they're going to have a little bit heightened level of concern.

And US stocks finish up a turbulent week. It's Friday, March 17th. I'm Amary for Tolle for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that moved the world today.

US stocks took a short turn lower today, a day after the biggest US bank swooped in to rescue first republic.

But the bank stock plummeted anyway, more than 20 percent after it suspended its dividend and analysts said it faces a dire outlook.

Earlier today, Silicon Valley banks' parent company filed for chapter 11 bankruptcy protection.

It was the largest bankruptcy stemming from a bank failure since Washington Mutual.

All three major US stock indexes ended the day in the red.

Seeking to shore up confidence in the banking system, President Biden is asking for more authority from Congress

to hold bank executives accountable for the failure of financial institutions, and a toughened penalties on bank executives deemed responsible for their collapse.

The president said the administration does not have the authority it needs to hold executives accountable, adding that Congress must act.

The request stops short of calling for an overhaul of Wall Street.

In other US news, the Justice Department is investigating the surveillance of American journalists by TikTok's Chinese owners, Bite Dance.

That's according to a person familiar with the matter.

The revelation comes as the Biden administration has taken a tougher approach to address the perceived security threat from the video sharing app.

The federal investigation began after Bite Dance acknowledged in December that its employees misused their authority to access journalist data in an effort to identify leaks of confidential company information.

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