Silicon Valley Bank collapse could impact Boston economy

BOSTON -- It's being called the second largest bank failure in US history. Now the government is stepping in to help customers of Silicon Valley Bank. "On Friday the FDIC took control of Silicon Valley's assets. Over the weekend, took control of Signature Bank's assets," says President Joe Biden. "Americans can have confidence that the banking systems is safe. Your deposits will be there when you need them." The Federal Deposit Insurance Corporation (FDIC) took control of the bank following its collapse last week. President Biden announced that the government...