Biden in a huddle to avert major crisis after second U.S. bank collapses | ‘This Mess…’

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. #joebiden #usa #banks #crisis #svb #signaturebank #siliconvalleybank #fed #unitedstates #washington #Newyork #america #financial #economy #dollar #Money #depositors #investors Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of