Biden tells US to have confidence in banks after collapse
Headline from The Buffalo News
President Joe Biden is telling people in the U.S. that the nation's financial systems are sound. This come after the swift and stunning collapse of two banks that prompted fears of a broader upheaval.
The Buffalo News's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
President Joe Biden on Monday told Americans the nation’s financial systems were safe, seeking to project calm following the swift and stunning collapse of two banks that prompted fears of a broader upheaval.
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
President Joe Biden is telling people in the U.S. that the nation's financial systems are sound. This come after the swift and stunning collapse of two banks that prompted fears of a broader upheaval.
President Biden on Monday defended the U.S. banking system after regulators scrambled to prevent the collapses of Silicon Valley Bank and Signature Bank from spiraling into a massive financial crisis.
In a televised statement before the markets opened, the president said that deposits would still be available after the collapse of two major institutions and insisted that taxpayers would not bear the cost of any bailout.
By KEN SWEET, CHRISTOPHER RUGABER, CHRIS MEGERIAN and CATHY BUSSEWITZ Associated Press NEW YORK (AP) — President Joe Biden on Monday told U.S. residents the nation’s financial systems are sound, following the swift and stunning collapse of two banks that prompted fears of a broader upheaval.
By MJ Lee, Phil Mattingly, Maegan Vazquez and Allie Malloy, CNN President Joe Biden on Monday underscored that the American banking system remains safe, laying out how his administration is taking action to contain Silicon Valley Bank’s collapse.
As markets reopen, president says country's financial systems are sound, taxpayers won't bear the brunt after stunning breakdown of Silicon Valley Bank and Signature Bank
"Your deposits are safe," President Biden said Monday morning. The president said affected customers can "rest assured" that they will have access to their money on Monday.
President Joe Biden is insisting that the nation’s banking system is safe. The president sought to project calm after the collapse of two banks stirred fears of a broader upheaval
President Joe Biden sought to reassure Americans over the country's banking system Monday, while insisting emergency measures would not be paid for by taxpayers as additional banks came under stress.
President Joe Biden addressed the nation Monday morning and said Americans will have full access to their money and can rest assured the banking system is safe.
President Biden on Monday sought to reassure Americans that the U.S. banking system is safe in the wake of the failure of Silicon Valley Bank and federal intervention.
President Joe Biden sought to reassure Americans Monday that the "banking system is safe" and that taxpayers would not bear any losses following the failures of Silicon Valley Bank and Signature Bank last week.
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