NEW YORK (AP) — President Joe Biden is telling Americans that the nation’s financial systems are sound. This comes after the swift and stunning collapse of two banks that prompted fears of a broader upheaval. Biden said Monday: “Americans can have confidence that the banking system is safe.” He says people’s “deposits will be there when you need them.” U.S. regulators closed Silicon Valley Bank on Friday after it experienced a traditional bank run, where depositors rushed to withdraw their funds all at once. Then New York-based Signature Bank also failed.