Biden has pledged to hold those responsible for the Silicon Valley Bank failure to account. (AP Photo/Matt Rourke)

The president of the United States, Joe Bidenpromised this Sunday to do “to report” those responsible for the bankruptcy of Bank of Silicon Valley and a second financial institution, Signature Bankwhile attempted to reassure Americans about the security of their deposits.

I am firmly committed to hold those responsible for this disaster accountable and to continue our efforts to strengthen surveillance and regulation of the big banks so that we no longer find ourselves in this situationBiden said in a statement.

“The people and businesses of America can be confident that their bank deposits will be there when they need them,” the president added, in statements he also posted on Twitter.

(With information from AFP)

News in development…

Categorized in: