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Biden Says ‘Banking System Is Safe’ Amid Fallout From SVB Collapse

Biden Says ‘Banking System Is Safe’ Amid Fallout From SVB Collapse
President Joe Biden speaks about the banking system in the Roosevelt Room of the White House in Washington, on March 13, 2023. Anna Moneymaker/Getty Images
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The American people can have confidence that the U.S. banking system is safe, President Joe Biden said in a prepared address.

While speaking before his visit to California on March 13, the president outlined his administration’s plan surrounding the failed Silicon Valley Bank (SVB) and Signature Bank.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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