At the very same time the Fed is trying to reduce inflation by raising the rate, Biden is continuing to continue to print money like a mad man and spending like crazy.
Now, this can go on only so long, if you think SVB was a lone Bank just being run wrong, and deserved to fail, well some of that may well be true, but the farther out on this limb Biden goes, the more Banks that will fail.
No joke, these three forces, The Fed, the Banks and .gov over spending keep conflicting. The Fed and The .gov overspending wont stop, so where does the pressure go? The Banks.