WASHINGTON, March 12 (Reuters) - U.S. President Joe
Biden on Sunday said the Treasury Secretary and National
Economic Council Director worked diligently with the banking
regulators to address problems at Silicon Valley Bank and Signature Bank, adding that the solution ensures that
taxpayer dollars are not put at risk.
"The American people and American businesses can have
confidence that their bank deposits will be there when they need
them," Biden said in a statement.
"I am firmly committed to holding those responsible for this
mess fully accountable and to continuing our efforts to
strengthen oversight and regulation of larger banks so that we
are not in this position again."
(Reporting by Trevor Hunnicutt and Daphne Psaledakis; Editing
by Christopher Cushing)
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