He repeated his call for stronger regulation and supervision
of large and regional banks.
(Reporting by Jeff Mason and Andrea Shalal)
WASHINGTON, May 1 (Reuters) - U.S. President Joe Biden
on Monday hailed moves by U.S. regulators to facilitate the sale
of First Republic Bank , protect all its depositors and
ensure that U.S. taxpayers are not affected.
"These actions are going to make sure that the banking
system is safe and sound," Biden told an event at the White
House. "Critically, taxpayers are not the ones that are on
hook."
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.