Pres. Biden: 'Americans can have confidence that the banking system is safe. Your deposits will be there when you need them.'
March 13, 2023, 9:18 AMPresident Joe Biden delivers remarks on the banking crisis after the collapse of Silicon Valley Bank and Signature Bank, in the Roosevelt Room at the White House in Washington, D.C., March 13, 2023.President Joe Biden spoke out Monday morning in an effort to reassure Americans there is no need for panic after federal agencies stepped in following"Americans can have confidence that the banking system is safe.
"The American people and American businesses can have confidence that their bank deposits will be there when they need them. I am firmly committed to holding those responsible for this mess fully accountable and to continuing our efforts to strengthen oversight and regulation of larger banks so that we are not in this position again," he said.
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