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
Last year, we surveyed firms in emerging markets backed by private equity (PE) and venture…
For commodity-exporting emerging market and developing economies (EMDEs), recent years have delivered something more unsettling…
The expansion of artificial intelligence has triggered a surge of investment and rising equity values…
Several countries are working to interlink their domestic fast payment systems in order to reduce…
Public services increasingly use predictive algorithms to direct scarce support towards those most at risk.…
Green innovation is central for the transition to a low-carbon economy, but there are concerns…