The Globe and Mail reports in its Saturday edition that JPMorgan Chase & Co. chief executive officer Jamie Dimon said it was over, but it is not. The Globe's Tim Kiladze writes that on Monday, he tried his best to exude serenity after buying First Republic Bank, telling investors "this part of the crisis is over." A few banks had failed, yes, but they were peripheral shocks. "Everyone should just take a deep breath," he added for emphasis. The calm lasted two days. By Wednesday, contagion fear was prevalent again. PacWest Bancorp, a small regional lender based in Los Angeles, closed the week down 43 per cent, and Memphis-based First Horizon lost 38 per cent after mutually agreeing to scrap its takeover by Toronto-Dominion Bank, citing regulatory hurdles. Over all, the KBW Nasdaq Regional Banking Index lost 8 per cent of its value this week -- and is down 30 per cent since Silicon Valley Bank started to wobble. Save for the early days of the pandemic, the last time the index was this low was 2016. However, at the same time, many major banks around the world are doing just fine -- perhaps even thriving -- including JPMorgan, Royal Bank of Canada, National Bank of Canada and Commonwealth Bank of Australia.