Biden blames Trump deregulation for Silicon Valley Bank failure

President Biden on Monday blamed the collapse of Silicon Valley Bank and closure of Signature Bank on former President Trump’s 2018 decision to scrap some Obama-era banking regulations. “Unfortunately, the last administration rolled back regulations,” Biden said. Biden also offered assurances that the U.S. banking system is “safe and secure.” “Americans can have confidence that the banking system is safe,” Biden said in remarks at the White House before leaving for a three-day visit to California and Nevada. The president said he planned to ask Congress and bank regulators to...