Why would banks fail in the next 7 days?
One might go even further and say that this crash is over-due and somewhat preditable. This doesn't put banks in immediate danger.
Also - this implosion is happening WAY faster than the dotcom bubble pop and even 2020 COVID lockdown selloff, and there is no stimulus coming to save the market this time.
This was somewhat predictable, as Trump doing illogical Trumpian things, but somehow he even exceeded the maximum irrationality predicted by the market, thus, the heightened adverse reaction.