© 2023 All Rights reserved WUSF
Play Live Radio
Next Up:
Available On Air Stations

Biggest bank failures since 2008 prompt reassurance from Biden

President Biden assured Americans that their money was safe after the second and third biggest bank failures in U.S. history. The Federal Deposit Insurance Corporation has stepped in to guarantee all uninsured deposits at Silicon Valley Bank and Signature Bank, but questions remain for the world economy.

Here & Now‘s Scott Tong gets the latest from NPR business correspondent David Gura.

This article was originally published on WBUR.org.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

WUSF 89.7 depends on donors for the funding it takes to provide you the most trusted source of news and information here in town, across our state, and around the world. Support WUSF now by giving monthly, or make a one-time donation online.