“Your deposits will be available when you need them,” the US president said on Monday.
US President Joe Biden wanted to be reassuring on Monday morning, assuring that “Americans can be confident that the banking system is sound“, after the turbulence caused by the collapse of the Californian bank SVB.
“Your deposits will be available when you need them“, he said from the White House. He also promised that American taxpayers would not be liable for losses from a bank failure, and called on Congress to “to strenghten» regulation of the sector.