Banking Blow Up; Is Your Money Safe? 3/13/23

President Joe Biden assured Silicon Valley Bank and Signature Bank customers earlier today that their deposits were safe as investors continue to grapple with the fallout. Thomas Peterffy, chairman of Interactive Brokers, spoke with Brian Sullivan about the safety of keeping your money in banks and whether SVB’s collapse raises questions about deposit security. Adam Singolda of Taboola and CNBC Contributor Herb Greenberg also debate the failure of Silicon Valley Bank and what can be done to prevent such collapses in the future. CNBC’s Deirdre Bosa reports ride-sharing apps, including Uber and Lyft, can continue to treat their drivers as independent contractors. Plus, Sen. Dan Sullivan (R-Alaska) discusses the ConocoPhillips Willow Project approval, which allows the company do drill for oil in Alaska.