Page 7 - Banking Regulators News Today : Breaking News, Live Updates & Top Stories | Vimarsana

thanks to the quick action of my administration over the past few days americans can have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that have deposit accounts at these banks can breathe easier knowing they will be able to pay their workers and pay their bills. and their hard—working employees can breathe easier as well. last week when we learned of the problems at the banks and the impact they could have on jobs and small businesses and the banking system overall, i instructed my team to act quick...

any moment now, president biden will address the nation from that podium right there amid concerning questions about potential contagion in the u.s. banking sector. what does that mean for your money? a very good monday morning to you. i'm jim sciutto. >> and i'm erica hill. president biden expected to try to calm fears in a matter of moments when he does make his way to that podium, this amid the failure of two u.s. banks. we're talking about silicon valley bank, which you've heard a lot of this weekend, as well as signature bank. the biden administration is taking emergency action ...

silicon valley bank collapsed on friday, and the government of the state of new york shut down signature bank last night, claiming signature was on the verge of collapse. the federal government has since taken over that bank. president biden rushed out to the cameras this morning before the markets could open to try to calm the american people. he insisted there's no need for the public to worry, that their money is safe and the economy will not suffer. >> america can have confidence that the banking system is safe. your deposits will be there when you need them. every american shoul...

the financial crisis, there were investors and owners of systemic large banks that were bailed out, and we're certainly not looking at the reforms that we put in place means that we're not going to do that again, but we are concerned about depositors and we're focused trying to meet their needs >> treasury secretary janet yellen commenting on one aspect of the biggest bank collapse since 2008 we'll break down what's happening with silicon bank in just a moment. plus, we'll bring you mining pence's strongest criticism yet of former president donald trump. those comments came off cam...

♪ ♪ it's 10:00 a.m i'm lindsey reiser at msnbc headquarters in new york we're following a lot of breaking news on this busy monday morning, including president biden assuring the country our financial system is safe amid heightened fears of a banking crisis after the collapse of both silicon valley bank and new york-based signature bank >> americans can rest assured that our banking system is safe. your deposits are safe let me also assure you we will not stop at this we'll do whatever is needed. >> the government is taking extraordinary new steps to ensure customers will have ...