Asian Bank Stocks Lead Market Drops After Collapse of 2 US Banks

President Biden claims American banking system remains safe following collapse of two US banks, blames Trump administration for crisis

Silicon Valley Bank and Signature Bank in America collapsed earlier this month which has raised concern among customers who hold their money in other similar-sized banks.

Biden says ‘banking system is safe’ following collapse of 2 U.S. banks

President Joe Biden aimed to reassure the public Monday about the stability of the U.S. banking system following the financial collapse of two U.S. banks.

After Silicon Valley Bank collapse, Biden insists banking system is safe

Depositors withdrew savings and investors sold off bank shares after two bank failures fed fears that more financial institutions could fall.

Biden: Banking system safe after 2 banks collapse

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 to stave off additional failures.“Your deposits will be there when you...

Biden insists banking system is safe after 2 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…

Biden insists banking system is safe after 2 bank collapses

Regulators closed Silicon Valley Bank when it experienced a traditional run on the bank where depositors rushed to withdraw their funds all at once.