Categories: EconomyWorld

Biden speaks with California governor about Silicon Valley Bank – White House

 U.S. President Joe Biden spoke with California Governor Gavin Newsom on Saturday about the Silicon Valley Bank failure and efforts to address the situation, the White House said after the bank’s collapse.

A White House statement said Biden discussed with Newsom an emergency declaration he issued on Friday to ensure California has the full support of the federal government as it responds to the impacts of severe winter weather, including flooding, landslides and mudslides.

Advertisement · Scroll to continue

“The President and the Governor also spoke about Silicon Valley Bank and efforts to address the situation,” the statement said without elaborating.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

Goldman lifts MSCI EM target on AI boost, flags Iran deal relief for forex, bonds

The brokerage raised its benchmark ​index target to 2,000 from 1,850, implying a nearly 12%…

2 hours ago

Bahrain raises $1bln in 10-year USD bond; demand exceeds $3bln

Strong demand enabled Bahrain to tighten pricing by 37.5 basis points from IPTs. Bahrain has…

2 hours ago

Gold falls on stronger dollar, oil amid renewed Middle East hostilities

Dollar, oil gain on fading hopes of US-Iran peace deal. Gold fell ‌on Wednesday, weighed…

2 hours ago

What Three Decades of Advancing Clean Air Taught Us—and Where We Go from Here

In 1990, facing a public health crisis, Mexico City initiated its first multiyear air quality…

2 hours ago

Blue finance: Making waves for sustainable oceans and freshwater resources

Water is a key pillar of life and livelihoods — but it is massively underfinanced.…

2 hours ago

The early takeoff of space innovation

The conventional account of US space sector transformation credits the post-2005 entry of SpaceX, Blue…

3 hours ago