Banking crisis - Reports firming of likely US government deposit guarantees above $250K

Yikes, we are seeing some panic on this:

• US regional bank PacWest is considering strategic options, including a sale

Its hit markets:

• Its getting hot in herre. Gold spike up, oil spike down

And, its moved beyond the rumour stage:

• US bank Pacwest - advisers engaged to mull on alternatives, including potential sale

This via Fox now that may calm markets down: