People Line Up Outside Silicon Valley Bank Branch in Boston

People were seen waiting outside a Silicon Valley Bank branch location in Boston, Massachusetts, on Monday, March 13, following the announcement of the bank’s collapse.

Lines formed outside other Silicon Valley Bank branch locations in Massachusetts, CBS News reported.

The reports of lines came as US President Joe Biden spoke to the press about the Silicon Valley Bank situation on Monday morning. He said taxpayers would shoulder none of the costs associated with the collapse of the Silicon Valley Bank and emphasized that “the banking system is safe.” Credit: Chris Grondin via Storyful

Video transcript

- [INDISTINCT]

- Wow. No way. And there's cops in there? [LAUGHS]

Wow. No way. And there's cops in there? [LAUGHS]

Wow. No way. And there's cops in there? [LAUGHS]

Wow. No way. And there's cops in there? [LAUGHS]