Biden promises justice for victims of SVB and Signature Bank collapse
1 year ago 1 min readOn March 12, 2023, the New York District of Financial Services took possession of Signature Bank and announced the closure of Silicon Valley Bank to protect the US economy and strengthen public confidence in the banking system. This move was met with praise from US politicians, including President Joe Biden, who tweeted that he was pleased with the solution that protects workers, small businesses, taxpayers, and the financial system. Biden also vowed to hold accountable those responsible for the collapse of the banks while reassuring Americans that their deposits are safe. He added that he would have more to say