Biden spoke on his administration is taking to save customers of Silicon Valley Bank
The Biden administration has stepped in to save customers of Silicon Valley Bank and Signature Bank.
Business
2 bank failures have the federal government taking extraordinary action
NPR's Leila Fadel talks to Nobel Prize winner Douglas Diamond, who studies why banks fail, about what the collapses say about the stability of America's banking system.
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.
Silicon Valley is breathing a sigh of relief after Biden's remarks on the bank crisis
President Biden spoke this morning about the government's efforts to protect the banking system, after two regional banks collapsed in recent days.
Morning news brief
Federal officials seek to restore public confidence in the banking system after Silicon Valley Bank collapses. The Oscars were handed out Sunday night. Former President Trump will campaign in Iowa.
Biden administration steps in to save customers of Silicon Valley Bank
Federal officials are attempting to restore public confidence in the banking system after the collapse of Silicon Valley Bank.
Racial bias often creeps into home appraisals. Here's what's happening to change that
Black and Latinx homes are more likely to be undervalued by real estate appraisers, who are mostly older white men. New recruiting and technology aims to change how appraisals are done and by whom.
The U.S. takes emergency measures to protect all deposits at Silicon Valley Bank
Federal officials made the emergency announcement Sunday amid panic from depositors over the state of uninsured deposits.
Janet Yellen says the federal government won't bail out Silicon Valley Bank
The California lender was taken over by regulators after a "run" on the bank. The Treasury secretary says the U.S. won't come to the bank's rescue like it did for others in the 2008 financial crisis.
Four takeaways as oil giant Saudi Aramco reports a huge $161 billion profit
The world's biggest oil company has announced it made $161 billion in profits in 2022, a whopping figure for the corporation and its main shareholder, the Saudi government.