The President of the United States – Joe Biden – thinks the turbulence that recently shook the banking sector is not entirely gone. As such, his cabinet is ready to impose further legislative changes to cope with any potential issues in the future.
Two of America’s leading banks – Silicon Valley Bank (SVB) and Signature Bank – experienced severe operational issues and were shut down by regulators earlier this month. Major institutions outside the States, including Credit Suisse and Deutsche Bank – also revealed liquidity problems.
“We’ve done what we need to do executively. I feel confident things are settling out. The markets seem to be responding.”
“No, it’s not over yet. We’re watching very closely. I think my team has handled it very well so far. And rather than get ahead of myself here, I think let’s let things move the way they are.”
The post The US Banking Crisis Isn’t Over Yet: Joe Biden appeared first on CryptoPotato.
The President of the United States – Joe Biden – thinks the turbulence that recently shook the banking sector is not entirely gone. As such, his cabinet is ready to impose further legislative changes to cope with any potential issues in the future.
Two of America’s leading banks – Silicon Valley Bank (SVB) and Signature Bank – experienced severe operational issues and were shut down by regulators earlier this month. Major institutions outside the States, including Credit Suisse and Deutsche Bank – also revealed liquidity problems.
“We’ve done what we need to do executively. I feel confident things are settling out. The markets seem to be responding.”
“No, it’s not over yet. We’re watching very closely. I think my team has handled it very well so far. And rather than get ahead of myself here, I think let’s let things move the way they are.”
The post The US Banking Crisis Isn’t Over Yet: Joe Biden appeared first on CryptoPotato.