The first quarter delivered plenty of volatility and rotation, but by the time the dust settled, market participants seemed to be taking things in stride. The failures of Silicon Valley Bank and Signature Bank (OTC:SBNY) created a burst of fear and raised the specter of widespread bank runs, but coordinated action by the Federal Reserve, the US Treasury, and the FDIC soon dampened anxiety. Similarly in Switzerland, the collapse of Credit Suisse (CS) was met with quick action from regulators, resulting in the beleaguered bank’s acquisition by UBS.