After Silicon Valley Bank careened off a cliff last week, jittery venture capitalists and tech startup leaders pleaded with the Biden administration for help, but they made one point clear: “We are not asking for a bank bailout,” more than 5,000 tech CEOs and founders begged. On the same day the U.S. government announced extraordinary […]
Tag: Bailout
Biden says “feel confident” in banking system
President Biden says Americans should “feel confident” in their banking system after his administration’s response to the collapse of Silicon Valley Bank (SVB) and Signature Bank last week. Biden reiterated a statement from the FDIC and Treasury Department during public remarks Monday morning, telling reporters that the federal government would guarantee depositors at the banks […]