President of the United States Joe Biden Biden will make a statement and answer questions on the “banking crisis” on Monday. DEA News Referring to the White House press pool.
“Tomorrow morning I will be giving a speech on how to keep the banking system strong to preserve the historic economic recovery,” Biden said.
The NYT points out that the problems faced by the Silicon Valley Bank may spread to some parts of the industry in the future. In this context, the head of the US Treasury Department, Janet Yellen, has publicly reassured investors about the stability of the American banking system.
Formerly Axios Portal estimated A “catastrophic” crisis in the U.S. banking system unless the U.S. government makes a plan to bail out Silicon Valley Bank (SVB) depositors by tomorrow.