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Joe Biden on Silicon Valley Bank crisis #svb #siliconvalleybankcollapse #shorts
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President Joe Biden on Monday sought to reassure jittery Americans that they can have confidence that the US banking system is "safe" and vowed stricter bank regulation after a string of bank failures raised concerns about the nation's financial stability.
The president's early morning comments came after US bank regulators spent the weekend working on a plan to shore up the public's confidence in the soundness of the financial system and limit spillover effects following the closing of the Silicon Valley Bank last week.
#joebiden #siliconvalleybank #siliconvalleybankcollapse #siliconvalleybankcrisis #usa #financialcrisis #banking
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The president's early morning comments came after US bank regulators spent the weekend working on a plan to shore up the public's confidence in the soundness of the financial system and limit spillover effects following the closing of the Silicon Valley Bank last week.
#joebiden #siliconvalleybank #siliconvalleybankcollapse #siliconvalleybankcrisis #usa #financialcrisis #banking
Download the all-new Business Standard app:
Join us:
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