Joe Biden warns those responsible for SVB bankruptcy

Joe Biden warns those responsible for SVB bankruptcy

Those responsible for the failure of Silicon Valley Bank (SVB) and the financial institution Signature Bank will be “accountable”, US President Joe Biden said.

“I am firmly committed to holding accountable those responsible for this mess,” Joe Biden said in a statement, assuring that “American people and businesses can be confident that their bank deposits will be there when they will need it.”

The US president spoke on the subject on Monday.

Recall that American authorities announced on Friday that they had closed Silicon Valley Bank and entrusted the control of deposits to the American agency responsible for guaranteeing them (FDIC).

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