The US president spoke on Monday about the bankruptcy of the SVB bank.
The US president worked to reassure US savers after the announcement of the bankruptcy of Silicon Valley Bank and given the fear of contagion.
“Americans can be sure that the banking system is sound” after the turbulence caused by the bankruptcy of the Californian bank SVB.
“Your deposits will be available when you need them,” he said from the White House. He also promised that US taxpayers would not be responsible for losses from a bank failure and urged Congress to “strengthen” regulation of the sector.
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Source: BFM TV
