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US President Joe Biden has tried to reassure Americans that the country's banking system is safe, after the collapse of Silicon Valley Bank.
It is the largest failure of a US bank since the 2008 global financial crisis, but Biden says customers and taxpayers won't bear any losses.
Al Jazeera's Kimberly Halkett reports for the White House, in the United States.
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It is the largest failure of a US bank since the 2008 global financial crisis, but Biden says customers and taxpayers won't bear any losses.
Al Jazeera's Kimberly Halkett reports for the White House, in the United States.
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
@AljazeeraEnglish
#Aljazeeraenglish
#News
#UnitedStates
#SiliconValleyBank
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- World
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