Biden to Address Protecting the American Banking System
US President Joe Biden has announced a message about protecting the American banking system. He also vowed to hold accountable those involved in 'this mess,' according to CNN.
Biden is expected to make statements on Monday about maintaining a 'resilient banking system,' the article notes. He has also promised to hold accountable all individuals associated with this matter.
According to CNN, the President has spoken with Treasury Secretary Janet Yellen and his Chief Economic Advisor Lael Brainard regarding his directive to work with financial regulators to ensure that businesses affected by the bankruptcies of Silicon Valley Bank and Signature Bank can access their deposits.
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