5 things to know before the stock market opens Monday

Here are the most important news items that investors need to start their trading day:

Stocks ended last week in positive territory, even after all the volatility triggered by lingering concerns about the banking system and mixed messages from top officials. Now there’s a little more clarity. Both President Joe Biden and Treasury Secretary Janet Yellen said the government stands ready to protect more bank deposits if there’s more turmoil. And while the Federal Reserve did indeed raise its benchmark rate last week, it signaled it could ease off as the banking crisis itself is poised to slow the economy. Overnight, meanwhile, the FDIC said First Citizens Bank agreed to buy $72 billion of failed Silicon Valley Bank’s assets at a steep discount of about $16.5 billion. Follow live markets updates.

People have been moving their deposits from smaller banks to bigger institutions at a slower rate in recent days, CNBC’s Hugh Son reports. The rapid failure of Silicon Valley Bank earlier this month triggered a broader panic that compelled depositors to pull their money out of seemingly high-risk regional banks, with less-diversified assets, to banks such as JPMorgan Chase and Bank of America, which have broader business models and are better equipped to handle upheaval in financial markets. Still, it doesn’t mean the broader banking sector is out of the woods, just yet. Another crisis could get deposits moving again, in a flash.