Biden Moves to Protect All Deposits in Failed Silicon Valley Bank
The president said Monday his goal is to protect American workers and small businesses, not investors in the failed banks.
The president said Monday his goal is to protect American workers and small businesses, not investors in the failed banks.
The move by California state regulators to take possession of the lender on Friday and appoint the Federal Deposit Insurance Corp. receiver caps a vicious fall for a Silicon Valley stalwart.