President Joe Biden insists the US banking system is "safe" as he seeks to allay fears of a broader industry crisis following the collapse of Silicon Valley Bank, the country's 16th largest lender.
The federal government, which seized the bank's assets last week, confirmed that customers' money — both insured and uninsured — would be fully protected and accessible from Monday.
Thousands of technology companies had been facing uncertainty for days after the second biggest bank failure in American history and the most substantial since the height of the global financial crash almost 15 years ago.
Benji Hyer reports.
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