President Joe Biden assured the nation that all depositors at Silicon Valley Bank and Signature Bank would be able to access their money, even if deposits are above the FDIC’s $250,000 limit.
The money, he said, will come from a special fund set up by the nation’s banks and from the sale of the banks’ assets — not from taxpayers.
“Americans can rest assured that our banking system is safe,” the president said. “Your deposits are safe. Let me also assure you, we will not stop at this. We’ll do whatever is needed.”“Honestly, your guess is as good as mine,” Imerman said. “If you would have asked me last week if Silicon Valley Bank was going to fail, I would have said no. I’d be surprised if we see more.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Silicon Valley Bank collapse: White House urges calm as bank failure recalls 2008 crisisWASHINGTON—As federal regulators sift through the remains of Silicon Valley Bank, whose collapse last week recalled the 2008 liquidity crisis and sent shudders through the fragile post-pandemic economy, elected officials in Washington and elsewhere used the regional lender's demise to deploy their arguments for what went wrong.
Les mer »
SVB collapse: Bank failures raise odds of 2008-style recessionThe collapse of Silicon Valley Bank has led to a surge in signs that a recession is likely.
Les mer »
Paul Krugman: Silicon Valley Bank isn’t the Lehman Brothers of 2008Paul Krugman: 'SVB isn’t Lehman, and 2023 isn’t 2008. We probably aren’t looking at a systemic financial crisis. And while the government has stepped in to stabilize the situation, taxpayers probably won’t be on the hook for large sums of money.'
Les mer »
Clark Howard: “The fear is not warranted” over bank failuresClark says the historic failure of Silicon Valley Bank is nothing like 2008.
Les mer »
Bank regulators seize Silicon Valley Bank in largest bank failure since the Great RecessionThe bank failed after depositors — mostly technology workers and venture capital-backed companies — began withdrawing their money creating a run on the bank.
Les mer »