Government races to reassure US that banking system is safe

Expert, officials offer assurances that banking system is safe

As the federal government worked to waylay concern of a banking crisis this week after two major banks failed, the interim chair for East Carolina University’s Department of Economics said their closure was a “robustness” check the industry passed.

Govt reassures US banking system safe

NEW YORK CITY: Depositors withdrew savings and investors broadly sold off bank shares on Monday as the federal government raced to reassure Americans that the banking system was secure after two bank failures fed fears that more financial institutions could fall.

Government races to reassure US that banking system is safe

Depositors withdrew savings and investors broadly sold off bank shares Monday as the federal government raced to reassure Americans that the banking system was secure after two bank failures fed fears that more financial institutions could fall.

Government races to reassure US that banking system is safe

Depositors withdrew savings and investors broadly sold off bank shares Monday as the federal government raced to reassure Americans that the banking system was secure after two bank failures fed fears that more financial institutions could fall.

Government races to reassure US that banking system is safe - The Hemet & San Jacinto Chronicle

By KEN SWEET, CHRISTOPHER RUGABER, CHRIS MEGERIAN and CATHY BUSSEWITZ NEW YORK (AP) — Depositors withdrew savings and investors broadly sold off bank shares Monday as the federal government raced to reassure Americans that the banking system was secure after two bank failures fed fears that more financial institutions could fall. President Joe Biden insisted that the system was safe after the second- and third-largest bank failures in the nation…