the affected employees and the remainder. getty The sudden closure of Silicon Valley Financial institution, Signature Financial institution and Silvergate Financial institution despatched shockwaves via the banking system. Considerations stay concerning the well being of small and regional banks in the US. Switzerland-based financial institution Credit score Suisse has been purchased by rival Union Financial institution of Switzerland (UBS) for about $1 billion to avert a possible monetary catastrophe, in line with Monetary Occasions. Swiss regulators referred to as for motion to revive confidence and calm in a unstable world banking setting. UBS and Credit score Suisse present related funding providers, together with banking, excessive internet value wealth administration, asset…