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Live Coverage: President Biden Addresses the Collapse of SVB Bank in Silicon Valley

#SVB #siliconvalleybank #biden #fed #economy #signaturebank President Joe Biden spoke Monday morning in an effort to reassure Americans after federal agencies stepped in following the failures of Silicone Valley Bank and Signature Bank. SUBSCRIBE to ABC News on YouTube: Latest updates: Watch FULL EPISODES on Hulu: ... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Silicon Valley Bank (SVB) had been a beacon of hope for entrepreneurs looking to launch and scale their digital ventures. The bank had a laser sharp focus on the technology and innovation industry in the Silicon Valley and beyond; providing financing, advisory, and banking services to start-ups, mid-sized companies and venture capitalists. However, the glass castle came crashing down very quickly at SVB, as the bank was seized by the Federal Deposit Insurance Co