Money Banking crisis: President Joe Biden says taxpayer funds won’t be used to bail out SVB, Signature bank March 13, 2023March 13, 2023 Francesca Chambers, USA TODAY Comments Off on Banking crisis: President Joe Biden says taxpayer funds won’t be used to bail out SVB, Signature bank Addressing the collapse of Silicon Valley Bank and Signature Bank of New York, President Biden promised Americans' deposits would be safe.