Biden says banking system safe after two banks fail in a matter of days

FAN Editor 1 year ago

Biden says banking system safe after two banks fail in a matter of days – CBS News

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President Biden on Monday said that the U.S. banking system is safe in the wake of the collapse of Silicon Valley Bank in California and Signature Bank in New York. The federal government scrambled to backstop deposits at the two banks, but worries persist that other small regional banks could face similar issues. Ed O’Keefe has the details.

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