Biden Promises to Dismiss Leadership of Insolvent Banks

US President Joe Biden, during his speech regarding issues in the American banking system, stated that the leadership of insolvent financial institutions will be dismissed and held accountable.

"Those bank leaders will be laid off," he said during his speech on Monday, which was broadcast by the White House. Biden added that authorities would hold accountable those responsible for the banking disruptions.

It is worth noting that in the United States, the second bank has already been closed in a week.