US: President Biden to speak on the banking crisis at 13:00 GMT
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US President Joe Biden will deliver remarks about the banking system,, which is on the spotlight following the collapse of Silicon Valley Bank and Signature Bank. Biden is set to speak at 13:00 GMT about how to “maintain a resilient banking system”.
The crisis with SVB triggered fear and panic across financial markets. The Dow Jones is at the lowest level in months, gold and silver are sharply higher as market participants priced in a softer Fed.
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