It would be Schwab’s worst one-day sell-off ever if the decline is worse than the 19% it suffered in April 2000.

First Republic Bank led a decline in bank shares Monday that came even after regulators’ extraordinary actions Sunday evening.

“Investors in the banks will not be protected,” Biden said. “They knowingly took a risk and when the risk didn’t pay off, the investors lose their money.”

Here’s how the Silicon Valley Bank and Signature Bank failings, and moves by U.S. regulators may affect your wallet, according to financial advisors.