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<\/div>\n<\/div>\nNew Delhi: <\/b><\/p>\n
US President Joe Biden today promised to take action against those responsible for the banking crisis in the country. His statement comes just hours after regulators closed Signature Bank, a New York-based regional-size lender.<\/p>\n
Biden also said that he will speak about the US banking system on Monday and reassure Americans after the failures of Silicon Valley Bank and Signature Bank.<\/p>\n
“I will deliver remarks on how we will maintain a resilient banking system to protect our historic economic recovery,” he said Sunday night in a statement that also included Biden’s promise of “holding those responsible for this mess fully accountable.”<\/p>\n
The US President said that Secretary Janet Yellen and National Economic Council Director worked with banking regulators and have reached a solution to protect US’s financial system.<\/p>\n
“At my direction, @SecYellen and my National Economic Council Director worked with banking regulators to address problems at Silicon Valley Bank and Signature Bank. I’m pleased they reached a solution that protects workers, small businesses, taxpayers, and our financial system,” he said.<\/p>\n<\/div>\n