You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Biden Insists U.S. Banking System Is Safe Following Collapse of SVB and Signature

HeadlineMar 14, 2023

President Biden sought Monday to shore up confidence in the U.S. banking system, after the rapid collapse of Silicon Valley Bank and Signature Bank sparked investor panic. They were the second- and third-largest bank failures in U.S. history. On Monday, Massachusetts Senator Elizabeth Warren demanded a federal probe into potential insider trading by executives at the failed banks and called on U.S. regulators to claw back six-figure bonuses paid to managing directors at SVB just hours before its collapse Friday. We’ll have more on this story after headlines.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top