One of the largest banks in the US has collapsed after it faced a bank run with customers scrambling to withdraw their cash.
Silicon Valley Bank was the sixteenth-largest bank in the US by market cap.
It was highly invested in the tech and crypto sectors, which have both seen big drops in value.
The New Zealand markets open for trading at 10am, and some investors are expecting a drop in response.
RNZ's Business Editor Gyles Beckford spoke to Corin Dann.
