Silicon Valley Bank collapse: 'No losses will be borne by taxpayers', says Biden
US regulators closed the Silicon Valley Bank on Friday after it experienced a traditional bank run, where depositors rushed to withdraw their funds all at once. It is the second largest bank failure in American history.
Monday 13 March 2023 14:45, UK
President Joe Biden said the US financial systems are sound, following the collapse of two banks that prompted fears of a broader upheaval.