Depositors who are worried about the bank system’s future have begun to wonder if they can trust their money after the recent back-to–back bank collapses. Biden assured the nation that the deposits of the failing Silicon Valley Bank (and Signature Bank) would be secured. Wall Street was still worried as shares of Wells Fargo Bank of America Citigroup, Bank of America and JPMorgan plunged.
President Biden Assures Depositors Will Be Protected After 2 Bank Failures
