Since the failure of Silicon Valley Bank and Signature Bank, the financial sector has been under stress,

as investors and corporations question the impacts on the health of the broader economy.

With First Republic Bank and Credit Suisse now in the spotlight,

policy makers are looking at what levers they can pull to shore up market and consumer confidence.

So has the fallout been contained?

Are markets over or underreacting at this point? And what does this all mean for

investors portfolios?

Investors obviously dislike uncertainty and prefer environments where one can have high conviction

and know exactly how to position your portfolio, but unfortunately we just don't think we're in one of those environments today.

Let's get to the interview now. I'm John D. T. T. T. T. T.

I'm John Dietry, filling in for Alice and Nathan this week, to give you the latest updates on the banking sector and break down the investing

implications, I'm sitting down with Richard Ramston, who leads the coverage of the banking

sector, Chris Hallam, who covers the banking sector in Amia, and Brett Nelson, head of tactical asset allocation for the investment strategy group.

Richard, Brett, Chris, thanks for joining us.

During last week's podcast, we discussed the implications of the collapse of Silicon Valley Bank and Signature Bank, but this is a fast-moving

crisis, and since then, First Republic Bank and Credit Suisse have also entered the turmoil.

Now, UBS is planning to acquire Credit Suisse with support from the authorities there.

Take us through the news.

Chris, what's the state of play?

So as you mentioned, last week Credit Suisse came under sustained market pressure in response

to growing capital and liquidity concerns and ultimately

this resulted in a resolution process over the weekend which given credits for status as a global

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