Americans can 'have confidence' in banking system: Biden

Economy

Published: 2023-03-13 16:21

Last Updated: 2024-04-13 16:52


Americans can 'have confidence' in banking system: Biden
Americans can 'have confidence' in banking system: Biden

President Joe Biden on Monday reassured Americans that their banking system is safe in the wake of the sudden collapse of SVB and the federal takeover of a second bank.

"Americans can have confidence that the banking system is safe. Your deposits will be there when you need them," he said in televised remarks from the White House.