What does SVB's collapse mean for the future of banking?

Our daily selection of the global stories that really matter, presented by our host Manish Verma. In today's episode... Banks are designed to fail, but should they at least be secure for the average customer? The Financial Times argues that Silicon Valley Bank's swift demise demonstrates holes in the United States' outdated banking system. Then, is the Silicon Valley Bank crisis killing crypto currency's resurgence? Bloomberg examines the factors behind the bank's collapse and how it has impacted vulnerable stablecoins like USDC.