President Biden believes that resilient community and regional banks provide vital services to small businesses, workers, and families around the country. The Biden-Harris Administration has taken decisive action to ensure the stability of the banking system without putting taxpayer dollars at risk. As we have demonstrated, the administration has the tools to act quickly to…
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FACT SHEET: President Biden Urges Congressional Action to Strengthen Accountability for Senior Bank Executives
As the President said on Sunday when his administration took steps to stabilize the banking system, he is firmly committed to accountability for those responsible. Already, key executives that ran Silicon Valley Bank and Signature Bank – the two banks now under Federal Deposit Insurance Corporation (FDIC) receivership – have been removed, and investors in…
Remarks by President Biden on Maintaining a Resilient Banking System and Protecting our Historic Economic Recovery
Roosevelt Room 9:00 A.M. EDT THE PRESIDENT: Good morning, everyone. Before I leave for California, I want to briefly speak about what’s happening to Silicon Valley Bank and Signature Bank. Today, thanks to the quick action of my administration over the past few days, Americans can have confidence that the banking system is safe. Your deposits will…
Statement from President Joe Biden on Actions to Strengthen Confidence in the Banking System
Over the weekend, and at my direction, the Treasury Secretary and my National Economic Council Director worked diligently with the banking regulators to address problems at Silicon Valley Bank and Signature Bank. I am pleased that they reached a prompt solution that protects American workers and small businesses, and keeps our financial system safe. The…
Press Briefing by Press Secretary Karine Jean-Pierre
James S. Brady Press Briefing Room 3:35 P.M. EDT MS. JEAN-PIERRE: Hi, everybody. Q Hi. MS. JEAN-PIERRE: Join us, Weijia. Join us, join us. Let me first congratulate the White House Correspondent Association for a very successful, wonderful weekend. I want to also thank the President, Tam — she’s not here today — Tamara Keith,…
Press Briefing by Press Secretary Karine Jean-Pierre
James S. Brady Press Briefing Room 2:16 P.M. EDT MS. JEAN-PIERRE: It smells lovely in here. Good afternoon, everybody. Q (Inaudible.) MS. JEAN-PIERRE: It does. It smells like, I don’t know, potpourri or something. It smells lovely. Welcome back to those who traveled with us out west. It was a really great trip. Three —…
Press Briefing by Press Secretary Karine Jean-Pierre, OMB Director Shalanda Young, and CEA Chair Cecilia Rouse
James S. Brady Press Briefing Room 2:46 P.M. EST MS. JEAN-PIERRE: Okay, good afternoon, everybody. Q Good afternoon. MS. JEAN-PIERRE: Happy Friday. Q Happy Friday. MS. JEAN-PIERRE: We made it. Okay. So, joining us today are two critical members of the President’s economic team and Cabinet, CEA Chair Cecilia Rouse and OMB Director Shalanda Young. They need no…
Press Gaggle by Press Secretary Karine Jean-Pierre and National Security Advisor Jake Sullivan En Route San Diego, CA
Aboard Air Force OneEn Route San Diego, California 2:24 P.M. EDT MS. JEAN-PIERRE: All right. I got a quick thing at the top, and then I’ll hand it over to Jake. So, good afternoon, everyone. As you all know, we’re headed to San Diego, California, where the President will meet with — with Prime Minister Anthony Albanese…
Press Gaggle by Principal Deputy Press Secretary Olivia Dalton En Route West Hartford, CT
Aboard Air Force OneEn Route West Hartford, Connecticut 12:46 P.M. EDT MS. DALTON: And, hey, everybody, they’re telling us that there’s going to be some turbulence in about 15 minutes, so we’re going to try to keep this concise here. Good morning, everyone. We’re en route to West Hartford, Connecticut, my hometown, where the President will…
Press Briefing by Press Secretary Karine Jean-Pierre
James S. Brady Press Briefing Room 2:32 P.M. EDT MS. JEAN-PIERRE: Good afternoon, everybody. Q Good afternoon. MS. JEAN-PIERRE: The President was briefed this morning on the troubling reports that Evan Gershkovich has been detained in Russia. Last night, senior White House officials spoke directly with Mr. Gershkovich’s employer, the Wall Street Journal. The State Department has also…
