WASHINGTON (Reuters) – The White House said on Monday that the U.S. banking system is safe despite stress on some institutions after two American banks collapsed, ratcheting up fears of a contagion that prompted U.S. officials to respond.
“Because of the decisive actions that we have seen … from our administration, the banking regulators and also the Treasury Department, the banking system is safe,” White House spokesperson Karine Jean-Pierre told reporters.
(Reporting by Jeff Mason; writing by Jasper Ward; Editing by Doina Chiacu)
