Published on Mar 13, 2023 03:59 PM IST
The U.S is grappling with a major banking crisis after the collapse of Silicon Valley Bank (SVB) on March 10. Another U.S. bank, Signature, a New York-based regional-size lender with significant cryptocurrency exposure has been shuttered after its stock price tanked. The U.S. authorities have now unveiled sweeping measures to rescue depositors’ money from failed SVB. Meanwhile, president Joe Biden said that he will address the largest crisis since 2008 today. Watch this video to find out what’s happening in America.
