OTTAWA, Canada—President Joe Biden on Friday praised his administration’s management of the recent banking crisis, saying that the banks are in good shape but that it will take some time for markets to settle down.
“I think we’ve done a pretty … good job. People’s savings are secure,” Biden said during a press conference in Ottawa.
Speaking alongside Canadian Prime Minister Justin Trudeau, he stated that while the Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000, the agency will be able to guarantee …