Bank Takeover

According to reports, U.S. President Biden said that if a bank (such as Silicon Valley Bank or Signature Bank) was taken over by the Federal Deposit Insurance Corporation of the United States, the people who run the bank should no longer work there, and the management of these banks would be dismissed. In addition, Biden also said that the investors of these banks “will not be protected”. The investors took the risks knowingly and lost funds because the risks did not get paid. （theguardian） Biden: The management of Silicon Valley Bank and Signature Bank will be dismissed Analysis based on this information:The recent reports about President Biden’s stance on banks that are taken over by the Federal Deposit Insurance Corporation (FDIC) have stirred a lot of debate and discussion. According to Biden, if the FDIC takes over a bank like Silicon Valley Bank or Signature Bank, the management should no longer work there, and the investors of these banks would…