US President Joe Biden speaks about the US banking system on March 13, 2023 in the Roosevelt Room of the WHite House in Washington, DC. - Biden tried to reassure the world of the resilience of the US banking system as US and European authorities scrambled to prevent any contagion from the abrupt failure of Silicon Valley Bank (SVB). US federal authorities stepped in to ensure depositors still had access to their funds at SVB and regulators took over a second troubled lender.
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Biden outlines consequences for bank executives and investors
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US President Joe Biden speaks about the US banking system on March 13, 2023 in the Roosevelt Room of the WHite House in Washington, DC. - Biden tried to reassure the world of the resilience of the US banking system as US and European authorities scrambled to prevent any contagion from the abrupt failure of Silicon Valley Bank (SVB). US federal authorities stepped in to ensure depositors still had access to their funds at SVB and regulators took over a second troubled lender.
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