Joint #Military Exercises, Global #Banking #Panic, and More #California #Storms #northkorea #shorts
Governments are attempting to avoid a global banking panic following the second largest banking collapse in history, the California-based Silicon Valley Bank, last week. The Bank of England stepped in to guarantee $8.1 billion in SVB deposits. So far, no buyer has emerged for the troubled bank.
The U.S. and South Korean militaries began their largest joint exercises in years today, following North Korea’s launch of missiles from a submarine off its east coast.
And water-logged California is expecting another storm, which is expected to hit as early as Monday night. In recent days, a foot of rain fell on the Golden State’s Big Sur region and parts of the Sierra Nevada Mountains were covered with 20 inches of snow. Emergencies have been declared in more than 30 counties.
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