Silicon Valley Bank's collapse rattled the technology industry that had been the bank's backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club of innovation.

"They were the gold standard, it almost seemed weird if you were in tech and didn't have a Silicon Valley Bank account," Stefan Kalb, CEO of Seattle startup Shelf Engine, said during a Monday interview as he started the process of transferring millions of dollars to other banks.

Embattled Central Bank Governor Riad Salameh will attend Wednesday’s interrogation session at the Justice Palace but will not be detained, a senior judicial source said.

The Association of Banks in Lebanon is inclined to suspend its strike at the end of this week and operations will resume on Monday, al-Jadeed TV reported on Tuesday.

In 2016, Vice President Joe Biden warned against efforts to unravel banking regulations that Democrats had fought to implement following the nation's financial crisis, just as the emerging Trump administration was determined to loosen those strict banking rules.

Biden argued that without the far-reaching 2010 banking overhaul known as Dodd-Frank, financial institutions would continue to gamble with consumers' cash and ultimately hurt the middle class.

The Lebanese pound sank to a historic low against the dollar on the parallel market Tuesday, foreign exchange dealers said, as banks in the crisis-hit country resumed an open-ended strike.

The Lebanese pound, officially pegged at 15,000 to the dollar, was trading at 100,000 against the greenback, dealers said -- a dizzying plunge from 1,507 before the economic crisis hit in 2019.

President Joe Biden on Monday told Americans the nation's financial systems were safe, seeking to project calm following the swift and stunning collapse of two banks that prompted fears of a broader upheaval.

"Your deposits will be there when you need them," he said.

The U.S. has begun an aggressive new push to inflict pain on Russia's economy and specifically its oligarchs with the intent of thwarting the Kremlin's invasion of Ukraine.

From the Treasury Department to the Justice Department, U.S. officials will focus on efforts to legally liquidate the property of Russian oligarchs, expand financial penalties on those who facilitate the evasion of sanctions, and close loopholes in the law that allow oligarchs to use shell companies to move through the U.S. financial system.

Western sanctions have hit Russian banks, wealthy individuals and technology imports. But after a year of far-reaching restrictions aimed at degrading Moscow's war chest, economic life for ordinary Russians doesn't look all that different than it did before the invasion of Ukraine.

There's no mass unemployment, no plunging currency, no lines in front of failing banks. The assortment at the supermarket is little changed, with international brands still available or local substitutes taking their place.

The UK Treasury and the Bank of England have "facilitated the sale" of Silicon Valley Bank UK to HSBC, ensuring the security of 6.7 billion pounds ($8.1 billion) of deposits.

British officials worked throughout the weekend to find a buyer for the UK subsidiary of the California-based bank that failed last week.

President Joe Biden is set to meet with two of America's closest allies to announce that Australia will purchase U.S.-manufactured, nuclear-powered attack submarines to modernize its fleet, amid growing concerns about China's influence in the Indo-Pacific region.

Biden is traveling Monday to San Diego, where he will meet Australian Prime Minister Anthony Albanese and U.K. Prime Minister Rishi Sunak for talks on the 18-month-old nuclear partnership known by the acronym AUKUS.