Savings of depositors safe, says US after two banks collapse

Washington [US], March 13 (ANI): Right after two US-based banks collapsed in a matter of two-to-three days, the US government and regulators on Sunday (local time) said the actions taken so far demonstrate their commitment to ensure that depositors' savings remain safe.

"The US banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured be