Biden says ‘our banking system is safe’ amid Silicon Valley Bank fallout

President Biden says nation's banking system is safe after two bank collapses

NEW YORK — President Joe Biden insisted Monday that the nation’s banking system was safe, seeking to project calm after the collapse of two banks stirred fears of a broader upheaval and prompted regulators to offer emergency loans to banks…

Is my money safe? How secure is the banking system? Your Silicon Valley Bank fallout questions, answered

(CNN) -- The question on so many bank customers' minds in the aftermath of Silicon Valley Bank's stunning collapse: Is my money safe?What is happening?A bank run on Silicon Valley Bank led the Federal Deposit Insurance Corporation to take control of the bank Friday in the second-largest bank failure in US history.The FDIC insures depositors up to $250,000, but as many larger companies used SVB as their bank, they had a lot more than that in thei…

Biden says US banking system 'safe' while European stocks fall

President Joe Biden sought to reassure Americans over the country's financial system Monday (13 March) as more US banks and leading European lenders were hammered amid contagion worries.

Biden tells US to have confidence in banks after 2 collapse

Biden said Sunday evening as he boarded Air Force One back to Washington that he would speak about the situation on Monday.

Is my money safe? How secure is the banking system? Your Silicon Valley Bank fallout questions, answered

By Ramishah Maruf, CNN The question on so many bank customers’ minds in the aftermath of Silicon Valley Bank’s stunning collapse: Is my money safe? What is happening? A bank run on Silicon Valley Bank led the Federal Deposit Insurance Corporation to take control of the bank Friday in the second-largest bank failure in US history. The FDIC insures depositors up to $250,000, but as many larger companies used SVB as their bank, they had a lot more…

After Silicon Valley Bank Fallout, Is Your Money Safe?

The government takeovers of Silicon Valley Bank (SVB) and Signature Bank sent shockwaves across the banking system.