Biden on SVB failure: 'Investors in the bank will not be protected'

Name: Biden on SVB failure: 'Investors in the bank will not be protected'
Uploaded: 2023-03-13T13:17:00Z
Description: President Biden says all customers who had deposits in Silicon Valley Bank will be able to access their money, but managers of the bank will be fired and investors will not receive a bailout.

President Biden says all customers who had deposits in Silicon Valley Bank will be able to access their money, but managers of the bank will be fired and investors will not receive a bailout.

Posted March 13, 2023 8:17am CDT