The White House said US President Joe Biden spoke on the phone with California Governor Gavin Newsom on Saturday about how to resolve the situation around the bankrupt Silicon Valley Bank. It has been reported TASS.
“The President and Governor discussed the state of Silicon Valley banks and their efforts to resolve it,” the White House said in a statement.
It was known before that there were American banks. can face He faced problems after the bankruptcy of Silicon Valley Bank (SVB).
The NYT states that the problems faced by the Silicon Valley Bank may spread to some parts of this sector in the future. In this context, the article says that Janet Yellen, the head of the US Department of the Treasury, gave public assurances to investors about the stability of the American banking system.
Prior to that, it was learned that Silicon Valley Bank (SVB), a major bank in the United States for the first time since the 2008 financial crisis, went bankrupt.
According to Bloomberg, a significant proportion of venture capital ventures in the US are associated with this bank.
Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.