U.S. regulators closed Silicon Valley Bank on Friday after it experienced a traditional bank run, where depositors rushed to withdraw funds all at once. New York-based Signature Bank also collapsed.
President Biden said Monday morning that the nation’s financial systems were safe, and asked for calm after the demise of two banks. The President also pressed for better oversight and regulation of larger banks.
So we want to know, how did you do business with Silicon Valley Bank or Signature Bank? Fill out the forum below and your response may be read on a Channel 4 newscast.