Biden said his administration's actions meant "Americans can have confidence that the banking system is safe," while also promising stiffer regulation after the biggest U.S. bank failure since the 2008 financial crisis.ACCESS TO DEPOSITS
"I recognize the past few days have been an extremely challenging time for our clients and our employees, and we are grateful for the support of the amazing community we serve," said Mayopoulos, a former CEO of federal mortgage finance firm Fannie Mae who wasU.S. bank regulators sought to reassure nervous customers on Monday who lined up outside SVB's Santa Clara, California, headquarters, offering coffee and donuts.
Emboldened by bets the Fed may have to slow its rate hikes, the price of gold, a popular safe-haven raced above the key $1,900 level., which tumbled 6.7% in early Asian trade to their lowest since December.
Assurances from biden 🤣
I bet he's proud of his work! 🤫