Biden reassures bank customers and says the failed firms' leaders are fired
President Biden also said insiders and investors won't be bailed out, but that companies that used the bank will be able to pay their employees and bills.
Updated March 13, 2023 at 9:52 AM ET
President Biden says customers of U.S. banks should have confidence that their money will be there when they need it, as he seeks to limit the damage done by the collapse of Silicon Valley Bank and other problems. He also promised accountability for leaders and investors of banks that fail.
Biden's words didn't prevent anxiety over the banking emergency from hammering stock prices of
