On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC.

Silicon Valley Bank depositors will have access to “all of their money,” federal regulators announced on Sunday.

President Joe Biden will deliver remarks on his administration’s efforts in the wake of the collapse of Silicon Valley Bank last week.

President Joe Biden addressed the failures of Silicon Valley Bank and Signature Bank, and weighed in on the “immediate action” by government regulators to take control of assets. “Americans can rest assured that our banking system is safe. Your deposits are safe,” he says.

Federal officials are taking new steps to avert a major banking crisis following the collapse of Silicon Valley Bank, with a plan to ensure all customers have access to their deposits. NBC’s Stephanie Gosk reports and CNBC’s Andrew Ross Sorkin provides insight for TODAY.

Analysts say the collapse of Silicon Valley Bank is not likely to have a major contagion effect in Asia, but one person says it could be seen as a “warning.”

Federal officials insisted their emergency measures to shore up deposits wouldn’t come at taxpayers’ expense. But the public could still bear some indirect costs, one expert warned.

Silicon Valley Bank’s historic meltdown was largely attributed to worsening business conditions in the firm’s concentrated customer base and an ill-timed decision to invest billions of dollars in mortgage-backed securities.

Silicon Valley Bank’s sudden collapse hasn’t stopped the party at SXSW, but it’s the topic of conversation and consternation for many.

Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists.