Sky News Washington DC Bureau Chief Annelise Nielsen says US authorities are “extremely concerned” more banks will go insolvent after the collapse of Silicon Valley Bank.
“They are extremely concerned, and this is why we’ve seen them move so quickly on this,” Ms Nielsen told Sky News host Sharri Markson.
“The fact Joe Biden put in this extra statement that he made this morning … there was a real concern the markets were going to open, and it was going to be catastrophic.”
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