President Biden promises to hold accountable those who caused SVB and Signature collapse
Join Our Telegram channel to stay up to date on breaking news coverage Recently, several US banks have collapse d as economic difficulties continue to ravage the financial industry. Only a day after the fall of Silvergate Bank, the Silicon Valley Bank (SVB) also collapse d, and following it, Signature Bank did, as well. As the situation started becoming more and more concerning for investors and business partners of these financial institutions, US President Joe Biden himself decided to address the situation. In his recent tweet, Biden vowed to hold accountable those responsible for the failure of the banks. At the same time, he has taken the opportunity to assure Americans that their deposits are safe. Another US bank collapses over the weekend The collapse of Signature Bank is the most recent of the three, taking place over the weekend. The New York District of Financial Services reacted on March 12th, taking possession of the bank. The US Fed commented on the move, stati...