Biden seeks to calm as bank failures fuel fears of a crisis

US President Joe Biden is seeking to reassure Americans, as fears of another US banking crisis rise.
The president is trying to calm fears after the collapse of both Signature Bank and Silicon Valley Bank. Stock markets around the world are largely down as investors wait to see what happens next. The two bank failures are the second and third worst in US history.
A short while ago President Biden tried to reassure Americans that their banking system is safe.