SAN FRANCISCO, March 14 — Customers of under-pressure US banks said yesterday they were reassured after authorities stepped in to protect deposits, even as markets fretted about...
SAN FRANCISCO, March 14 — Customers of under-pressure US banks said yesterday they were reassured after authorities stepped in to protect deposits, even as markets fretted about systemic contagion.
He said his company, which banks with SVB and other institutions, had experienced no difficulties making payroll, and was working to reassure employees that they would not lose out. “The key thing, everybody should know this: don’t panic, don’t run on it, because everybody loses. So if everybody just keeps cool, you’ll be alright,” he added.
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