Biden: SVB deposits and banking system “safe”
President Biden, in remarks delivered Monday morning, said that the U.S. banking system is "safe" and that depositors at the failed Silicon Valley and Signature banks would have full access to their deposits. The president's messaging comes amid a wider campaign by federal officials to tame potential panic over this weekend's banking debacle, according to Marketplace's Sabri Ben-Achour. And, we got in touch with economist Julia Coronado to discuss how higher interest rates — which have come after a sustained period of near-zero rates — could have contributed to the crisis.
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The team
David Brancaccio
Host
Leanna Byrne
Host, BBC
Kelly Silvera
Executive Producer
Meredith Garretson Morbey
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Erika Soderstrom
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Alex Schroeder
Producer
Ariana Rosas
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Jarrett Dang
Digital Producer (gone fishing)
Jesson Duller
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Nick Esposito
Media Producer
James Graham
Producer, BBC
Jo Critcher
Producer, BBC
Olie D'Albertanson
Producer, BBC