two banks of the same yenisei river are united by krasnoyarsk and our interests up to 25. at most the twenty-seventh year is non-standard. where to look for in order to allow trolleybuses to start premiums from thirty at -40 even degrees , feasts are not only stones, large snow removal machines are already on the move across siberia in the far east, this car is in great demand to put yakutia airfields on wheels.

but after the recent collapse of two u.s. banksnd the turmoil it caused, some are now beginning to wonder if there's more reason to worry. the failure of silicon valley and signature bank's was as rapid as the intervention of u.s. regulators stepping into guaranty that no account holders would lose any of their money, president joe biden has assured the public the american banking system is safe. customers outside silicon valley bank's headquarters in santa clara, california were relieved after anxious weekend. >> it was quite nerve-racking because our money is banked here. being one of the largest banks in silicon valley, 15th largest in the u.s. overall, i think nobody thought that it should happen and in the manner in which it happened. going into the weekend, i think we were all worried about what was going to have, but i think the fed coming in and stepping down and giving some comfort was were panicking. a lot of us were panicking. we were trying to get through how we open up a different bank account quickly and also whether

the two banks can make education more convenient. iran, turkey, the second priority, which may have received less attention, is to collect iranophobia in the world . the advertisements are all directed towards us. in our country, there was no news in our country . it showed the stories of cyberspace and some places, but the translation it shows our own city there was no news here. which city did this news belong to today? what was the beauty of tehran and vice versa. when the pictures are broadcast, i will say that we do not reach iran . do you have something for the ladies of the club, or there were also cases of people from abroad , very good information, very complete information. regarding our dear country, iran, especially the chinese, the issue that the president also mentioned is not the information and news of the enemy, but the facts of the brand and assassins can be called capital outside the country and the duty of the government towards them. iranians abroad are the government it has duties. of course, right and duty are

all the bilateral predictors _ owns two china's banks? predictors will be - bilateral predictors will be treated equally. there will not be providential treatment for any country. they are not pushing for a debt payment immediately but in the interim they're willing to sit and negotiate and discuss. we have the vehicle to paper not the capacity so we need to get capacity so we need to get capacity back so that is going to be very difficult and serious discussion. i’ll to be very difficult and serious discussion. i'll be askinu serious discussion. i'll be asking too _ serious discussion. i'll be asking too much - serious discussion. i'll be asking too much of - serious discussion. i'll be asking too much of the l serious discussion. i'll be | asking too much of the sri lankans at the moment? irate asking too much of the sri lankans at the moment? we have been living — lankans at the moment? we have been living beyond _ lankans at the moment? we have been living beyond our— lankans at the moment? we have been living beyond our means. - been

, namely silicon valley and leather, gathered in the branches of these two banks. describing america as an earthquake, joe biden is not the president of the united states. in an effort to calm down the inflammation, he called for stricter banking laws in this country to prevent such incidents from happening again. the big american banks are going bankrupt and closing down one after the other, american news reports . this incident is the second biggest collapse of the banking system in the history of the united states and describes it as a real economic earthquake. from friday until now, the two largest banks in the united states have broken the hand of one silicon valley as the largest investor in the field of new technologies with 375 deposits. billion dollars and the other is signature bank with a collection of assets and deposits of about 200 billion dollars . since that day, many people whose deposits have been large have lined up in front of the banks to receive their money. from the deposits, some of them are brought here from far away like australia. the pres

iran commercial standard to top it off, we suggested that two banks from iran and two banks from turkey be established in these countries as the so-called frontrunners in these countries, and that the two banks can provide easier facilities between iran and turkey . the second priority, which may have received less attention, is iranphobia. in the world, all the advertisements are directed at us. in our country, there was no news . you were showing the media and cyberspace, and i was showing some places with the translation of grammar. you were not in the news, and it was not known which city it was from, what was the beauty of tehran. and on the contrary, when the pictures are broadcast, i say that we do not reach iran, we also have something do you have a club for women or something like that? people abroad do not have very good information . they do not have very complete information about our beloved country, iran. they said why iranians inside the country, the government has duties towards iranians abroad, and the government has duties , naturally, rights and duties go hand in hand

currently, the resources of these two banks are 16% of the country's loan resources, because there arecements in other banks, but now they have 40% of qarz al-hasna loans in the country , and of course, the amount of this loans and loan resources have grown well in the last decade, and if earlier, maybe 23% of the resources of the banking network were less welcomed due to inflationary and economic issues , but now with the model created by qarz al-hasna banks, the ratio has increased. right now, the resources of these two banks have an annual rainfall of more than 70% , the highest growth of resources and in the banking network. allocated to themselves, of course, in addition to the growth of resources, the senior test of the expenses and facilities of karz al-hasna is given to the people, so if the museum of karz al-hasna is getting closer and closer to its place , in the banking system, we have an upstream industry, which, for example , this year, we have to you can give me something at least i didn't see it, but actually the hair growth and the goal of the mother of the two banks, q

. >>> then, after two banks collapsed, and another received an infusion of cash from some of the nation'sgest banks,to keep it on life support, what's the prognosis for the banking industry and the impact on our economy? >> our banking system is sound. americans canlee confint that their deposits will be there when they need them. >> americans can rest assured. >>> in public officials say there's nothing to see here. what's going on behind the scenes to shore up banking stability? we'll talk with the head of the house financial services committee, patrick mchenry, and industry critic senator elizabeth warren. former trump administration economic adviser gary cohn will be here and we'll talk to kara swisher and scott galloway about the stability of the sector as the head of tiktok prepares to testify before congress. >>> vladimir putin makes a bold trip to occupied ukraine following a tense week between the u.s. and russia, and ahead of a meeting with china's president xi. former trump national security adviser general h.r. mcmaster will join us for analysis. it's all just ahead on "face t

silicon valley, gathered in front of the branches of these two banks . some media bank bankruptcy. recent in describing america as an earthquake is not the president of the united states, in an attempt to calm down the inflammations , he called for stricter banking laws in this country to prevent such incidents from happening again . the big american banks are going bankrupt one after the other. america day announces this. it is the second biggest collapse of the banking system in the history of the united states and it is described as a real and big economic earthquake. since friday, two of the largest banks in the united states have collapsed, one is silicon valley as the largest investment in the field of new technologies with a total of 375 billion dollars and the other is signature bank with a collection of assets and deposits of about 200 billion dollars . since that day, many people whose deposits were not insured have lined up in front of the banks to receive their money. they don't know how much of the deposits and some of them came here from far

diagnostics is like two banks of the same river, krasnoyarsk belaz-service here is modern equipment,chines, and if you don’t go far today without spare parts and quick technical assistance, the areas where our belazs are wider under the watchful eye of these specialists will be brought, cleaned and sorted out. in a word, they know every car. and, of course, they will return to service quickly. after all, everything you need at hand they say the equipment is for sale service. we were convinced of this in the belaz center in krasnoyarsk . here is a warehouse of spare parts here, up to 10,000 are being restored. here, even those who have worked 100% in belaz trucks and such a service is in demand, here is one of the lucky ones, who will be able to handle more than one kilometer early on career off-road to the landfill. another five or seven years. it is definitely in service, and the savings compared to the new one are up to 40%. what will refuse all the more. asa sheets are trained in belaz in zhodino to see how powerful contain. this is very important in khakassia there were about 300

they showed up to retrieve their money from two banks. president biden says this is not the beginning of a banking collapse. nicole d'antonio joins us live from d.c. with the president's message. nicole? >> reporter: and, ryan, bottom line, president biden wanting to reassure americans that their money is safe and the u.s. banking system is safe. there are still some key questions including who will be held responsible for accountable for the bank failures and what is being done to prevent it from happening again. president biden looked to reassure americans monday following the failure of two banks. >> americans can have confidence that the banking system is safe. your deposits will be there when you need them. >> the federal government announced emergency actions after the collapse of silly von valley bank and closure of signature bank in new york over the weekend. >> when we learned the problems of the banks and the impact that they could have on jobs of small businesses and banking systems overall, i instructed my team to act quickly t

how you get two banks of this size to work as one bank.— size to work as one bank. indeed.one bank. indeed. in normal circumstances, the - size to work as one bank. indeed. in normal circumstances, the two - normal circumstances, the two biggest financial institutions in switzerland, a merger between them would not —— would be blocked on competition grounds, but this is an emergency situation. will this continue for the foreseeable future, or will there be come a point where the regulator says you are too big now and need to split up again? stability is required. for all governments in the world, it is the swiss government that likes the stability in the financial world in the banking system because it is so central to the swiss economy. in terms of visitors a monopoly? if you look at what credit suisse does and what ubs does, first of all, there is retail banking in switzerland, branches on the high street. fundamentally, you are not going to have two of the same branches on every single high street. so, there is going to be fallout there, redundancies and branches are goi

we have press reports of two banks that were at the table. we hav commentss. g it could se w >> well, i think we know we had a very rough week for american banking and we lost confidence, and i think that is -- that raises the questions of what happened last weeknd. >> you did hear senator elizabeth warren suggest that she would favor a congressional initiative to lift the insurance on -- currently uninsured deposits above $250,000? she put a cap of 2 to $10 million. for how long, how big, who does that apply to? how would you craft that? do you see a chance to work here? >> that's the first time i've heard a proposal like that and i have not had a single conversation with the white house or the administration about deposit insurance changing the levels. what i will do, though, legislatively, and everysight function, is determine whether or not we need to address the fdic deposit level. we did it after the last crisis, raised it from 100,000 to 250,000. >> what is your intent and will you call up mary daly the head of the san francisco federal reserve. >> we ne

banking system is safe. your deposits will be there when you need them. >> the federal government steps in after two of the largestank failures in history raise fears of a ripple effect. >> the biden administration is reportedly expected to approve a

again. >> reporter: president biden looked to reassure americans monday following the failure of two banks. >> americans can have confidence that the banking system is safe. your deposits will be there when you need them. >> reporter: announcing emergency actions after the collapse of silicon valley bank friday and closure of signature bank in new york over the weekend. >> when we learned of the problems of the banks, and the impact they could have on jobs of small businesses and banking systems overall. i instructed my team to act quickly to protect these interest. >> reporter: sunday night the treasury department federal reserve and federal deposit insurance corporation announced they will ensure deposits have full access to their money today. that's a lifeline for customers including the founder and the ceo of those who banked exclusively with svb. >> it's payroll and all of our bills and everything the company has and it was gone in an instant. >> reporter: rescuing the depositors is not a bailout for the banks. taxpayers won't foot the bills for these losses. >> the management of thes

so the comparison of those two numbers, and only two banks going down is not going to instill a lot of confidence in people once they realize, putting those two facts together. jon: speaking of confidence, we heard you reference first republic. last week, we saw a sizable commitment by financial institutions to put deposits to work with first republic. now some developing reporting, the wall street journal talking about what jamie dimon might be doing right now. in terms of deposits that might be committed, whether or not something turned into some form of capital to try to further provide stability to let's say a regional bank, what is your view on that? paul: this bailout is shades of 1907 when jp morgan bailed out wall street, the bank run in 1907, organized it with other banks. very strange in modern times. according to the first republic filings, sec filings, they are getting paid market rates on this money which is reportedly up to $30 million from this consortium of banks. that does not do their profitability going forward -- does not help them -- it may stem the run. but it put

bank. it's worth noting that these two institutions were allowed to fail. shareholders lost their investment, unsecured creditors took losses. the boards in the most senior executives were removed. the fbi see has authority to investigate and held accountable the officers of banks for the losses they cause and for any misconduct in the management of the institutions and the fbi see has already commenced these investigations. further, any losses to the fdic deposit insurance fund as a result of uninsured deposit insurance coverage will be repaid by a special assessment on banks as required by law. the fbi see is now completed the sale of both bridge banks to acquiring institutions, new york community bank or plextor bank for signature and first citizens for svb. by written testimony today, i described the events leading up to the failures of svb and signature bank and the facts and circumstances that prompted the decision to utilize the authority to protect all depositors in those banks all of those failures. it further describes the management and dispositio

potentially some duplication between the two banks. ster are monitoring things very closely, we are told, as are regulators, and i do think the big hope is swift action now which could head off another tricky week ahead on the stock markets. for --eole ahead on the stock markets. for people watching this and thinking how did we get to this point, where a global, a huge global bank based in switzerland is now the latest one to get into trouble in a chain that started with two quite a niche banks in the us, silicon valley bank and signature bank and theirfailures, so how has it got to this point? credit suisse is important, there are about 30 banks around the world which are considered too big to fail, they are too important to the structure of financial systems to fail and credit suisse is one of those. ubs is another. there is concern here over the merging of two of the big banks, both in switzerland and some of the issues further down the line there. but yes, this started last week and i was sat here talking about silicon valley bank,

banking system remains safe. this despite the failure of two significant banks within 48 hours. silicon valley bank and signature bank have now been taken over by federal regulators. >> all customers who had deposits in these banks can rest assured. rest assured they'll be protected and they'll have access to their money as of today. that includes small businesses across the country that bank there and need to make payroll, pay their bills and stay open for business. no losses -- this is an important point. no losses will be borne by the taxpayers. >> the president emphasized the customers will be fully protected while the bank's managers and investors will be held accountable. he also outlined the emergency measures his administration took to protect the bank's customers. cnn's priscilla alvarez is with us. look, a lot of this is trying to ease the anxiety about the anxiety because fear is the real problem. so what else is the administration doing to try to ease these fears? >> and of course maintaining confidence in the bank. so the administration taking dramatic emergency act

bank, the federal reserve, has increased interest rates by a quarter of a percentage point. it's trying to balance the need to tackle inflation while protecting the financial sector. the collapse of twoed in part on higher borrowing rates. the latest decision has raised fears about the health of the us financial system. but the fed chairman spoke to reassure the public. our banking system is sound and resilient, with strong capital and liquidity. we will continue to closely monitor conditions in the banking system and are prepared to use all of our tools, as needed, to keep it safe and sound. in addition, we are committed to learning the lessons from this episode and to work to prevent events like this from happening again. and there will be more on the fed's interest rate decision coming up on asia business report in around 20 minutes�* time. stay tuned. the japanese prime minister has just wrapped up a visit to eastern europe, including a stop in ukraine, where he visited war—torn bucha and pledged $30 million in non—lethal aid. prime minister fumio kishida also met with his polish counterpart in warsaw — and the two leaders agreed on bilateral cooperation to help ukraine. but pola

s government intervening like we saw after the two bank failures earlier this week. we have these big banks now swooping in throwing a lifeline to first republic. it's helping restore confidence after so much upheaval in the financial world. i can reassure the members of the committee that our banking system is sound new efforts to ease fears this morning after a shocking week for banks, treasury secretary janet yellen, testifying before the senate, we're very focused right now on stabilizing the banking system, now an extraordinary effort from 11 of the nation's biggest banks to protect the entire system and avert another potential bank failure. they're providing a $30 billion backstop to first. republic bank. the group, saying this action by america's largest banks reflects their confidence in first republic and in banks of all sizes. it comes amid persisting worry following the collapse of silicon valley bank think that because of the panic that people felt with silicon valley bank, they have also sparked another panic with fresh republic bank. i don't think there'

they're saying, listen, we'll actually ensure more than that, at least in these instances when these two banksollapse. i do think everyone needs to calm down a bit here. >> okay. psychological, do you agree with that? listen, we have the -- moody saying they're going to place six other u.s. banks on review for potential downgrades. i mean, that has a ripple effect on the economy. do you think it's mostly psychological? do you agree with matt we should calm down? >> i think people are looking at the balance sheets of these banks and saying, maybe things are not as solid as we once assumed. maybe they are with standing the stress of rate hikes a little more poorly than people had appreciated before. i mean, if you had looked, some of these risks should have been evident. especially with silicon valley bank. but with some of the other banks as well. the fact that they didn't guard against interest rate risk, for example. that was relatively well known if you paid attention. now, most of the american public would not have done so, but now investors are doing regulators belatedly it seems like are

bank. you have got statue 20 1:55. when it was changed from may two shall, made mandatory, a new duty on the federal reserve to take into account higher risk profiles presented by certain breaks and to strengthen supervision of those banks. you look at silicon valley bank and, they have a number of activities with above average risk profiles. the concentration of deposits. the quantity of uninsured deposits. 94% uninsured deposits. you look at federal reserve authority under regulation yy. to impose additional risk based or liquidity requirements that the board deems necessary to carry out the purposes of dodd-frank. i look at all this and i think among all these statutes and regulations, the fed had plenty of authority to prevent silicon valley bank. and the problems that it encountered. was aware, pretty early on, that there were unique problems there and that it was a very unique financial institution because of its risk profile. they didn't do it. as i look at what authority you have been given, i cannot think of another additional rule regulation

svb was one of two banks federal regulators took over after customers started to withdraw funds. biden administration and federal reserve took action to guarantee deposits there and at signature bank. they've introduced a program to introduce further failures at other banks. the sudden collapse understandably sent customers into panic mode even after feds guaranteed all their money. devin fehely was there as we waited in line to cash out. >> reporter: for most customers of silicon valley bank it was a weekend of worry that led them to the long line outside the bank full of business owners big and small waiting to withdraw money. >> we were pretty worried over the weekend. we are watching the news all the time. i check google like 20 times an hour. >> reporter: sam is ceo of a software company otter.ai and had several million dollars in the bank and was deeply worried. >> as a start up, it's not easy to make money. if a few million dollars disappear, it's huge damage. >> reporter: the white house moved quickly over the weekend to limit the damage the potential financial fall out fr

resolute commitment to take the necessary steps to ensure depositors savings and banking system remains safe. our approach has two main pillars, first we work with the federal reserve and fdic to protect all depositors in the resolutions of silicon valley bank and signature bank. the steps we took were not focused on aiding specific banks or class of banks. our intervention was necessary to protect broader u.s. banking system. similar actions could be warranted of smaller institutions for deposit runs that pose the risk of contagion. host: that was the treasury secretary, what do you think of that? guest: i think there are several comments there that are notable and that is what we saw is that of contagion and it demonstrates the secretary's commitment to ensuring banks of all sizes would receive similar treatment in the event. i think it also demonstrates how it is important -- how important community banks are to the community. this is not just about size, it is about ensuring community banks who are systemically important to their local communities are protected and receive the same treatment that we saw here

, silicon valley bank and signature bank, two commercial banks with more than $200 billion in total depositsa major startup of tech startups. federal officials are desperate to prevent contagion leading to runs on other banks. so far, they've promised everyone with deposits in those two banks ininsured and uninsured will be able to get the money out and now with the bailout in the wake of the 2008 financial crisis, officials are promising taxpayers will be on the hook for none of it, although investors and bonholders will be wiped out. cnn's jasmine wright live for us in washington. what a weekend. clearly a very busy weekend at the white house, at the treasury, at the fed. what's the plan and what's been the reaction, jasmine? >> reporter: yeah, christine, the white house has been watching this very closely, knowledge of concerns that this could lead to a financial crisis like 2008. like the president's direction, his financial team has worked hand in hand with financial regulators, behind the scene efforts, furious behind-the-scene sefrts to lead to these dramatic measures you described. w

days after two u.s. banks collapsed one of europe's biggest lenders gets help as investor fears drag down world markets. >>> risky rescue. a man hangs on for dear life, trapped in a california river. how the recent storms made the lifesaving airlift especially dangerous. >>> targeting tiktok. the white house takes a harder stance on a possible nationwide ban of the popular app. >>> good morning, and good to be with you. i'm anne-marie green. we begin with renewed concerns about the strength of the nations's banking industry. today treasury secretary janet yellen will face members of th te fance cmittee following the collapse of two u.s. banks. investors grew more concerned over worries that the second largest swiss lender would run out of money. it was announced today credit suisse will borrow $54 billion to maintain its financial health. jarred hill is in new york with more on all of this. good morning. >> reporter: good morning, anne-marie. economists have noted that the troubles with credit suisse were will

the president's remarks coming after two banks went under within a matter of day. con valley bank collapsed on friday, and the government of the state of new york shut down signature bank last night, claiming signature was on the verge of collapse. the federal government has since taken over that bank. president biden rushed out to the cameras this morning before the markets could open to try to calm the american people. he insisted there's no need for the public to worry, that their money is safe and the economy will not suffer. >> america can have confidence that the banking system is safe. your deposits will be there when you need them. every american should feel confident their deposits will be there if and when they need them. let me also assure you we will not stop at this. we'll do whatever is needed. >> the concern now is whether this was just the first part of a larger financial crisis and whether other banks or the markets will take a major hit in the coming days and the move by the biden administration to guarantee that the funds in those failed banks has

it does not solve yet two banks have already burst six are on the brink, several financiers have discovered a statement by gp morgan, its management, said that the federal reserve system is ready to allocate two trillion dollars to the bank to maintain liquidity. if so , then to the taxpayers, contrary to biden's promise. still, you will have to pay money for the bankers to keep them through inflation through new taxes and the high cost of goods. the deputies of the french parliament consider the trick that allowed the government to push through the law on pension reform the prime minister went to the deputies and told them that the president would use constitutional right to approve acts of one's will, and not by a vote of the national assembly. deputies. they drowned out the speech of the head of the marseillaise government. after that , immediately two factions began collecting signatures for making this mind of no confidence in the head of the cabinet, ms. born may lose her post in the coming weeks, the likelihood of the resignation of the government. now especially great in france, the

we will know who those banks are for another two years, and even for the deal that 11 major u.s. ks did for first republic where they essentially handed over $30 billion in depits, they only -- william: $30 billion in checking accounts. kayla: some might say that they transferred back the $30 billion of deposits worried customers had moved to their banks, so it was a return to gift, but that only last 120 days. can first republic find a buyer? is the operation worse after that time? or is this over? there's a lot more waiting to learn. william: neil, there has been some second-guessing about this aggressive move the administration and the fed took to try to stop the bleeding. what do youhink? did it appropriate to the moment? neil: this time a week ago, they saw a profound risk of systemic crisis, a run on deposits at nks around the nation. they decided it was better to do too much rather than too little. it was worth it to take the risk off the table that your deposits even over the federal limit of 250,000 dollars, might be at risk. there will be a lot of picking over it was the

so, what more needs to be done to instill trust in the wake of two bank failures and perhaps more to come? >> president biden didn't just say that the banks are safe. he also said that all the depositors from those two banks that went south will get all of their money bank. and the implicit message he gave, therefore, was if any other banks were to go south, everyone gets their money back. the important thing to realize is that promise, in itself, should be enough to prevent a bank run. bank runs occur when everyone tries to get their money all that, once because they're worried that there's no more money in the. both biden promised that there will be money left in the vault. therefore, they'll be no more bank runs. >> all right, as long as people trust his word, right? so, the big question now is what will the federal reserve due, when it comes to its strategy of lifting interest rates to bring down high inflation? will they strange that -- >> if they do, probably only a little. think of it this, way the fed has two different jobs, you could think of them as different divisions, they

>> bill: i don't know with two banks down and maybe more to come, maybe. and there is optimism among investors at the moment, see if that lasts. >> dana: okay, paying attention. >> mexico is safer than the united states. there is no issue traveling safely through mexico. that is something the u.s. citizens know, like our fellow mexicans that live in the u.s. >> dana: mexico president 10 days after foreign americans were kidnapped just over the border. two were shot and killed reportedly seeking cheap medical decisions. alexis, tell us what we need to know. >> mexican tourism brings in big money for mexico. americans might get discounts for surgery, just crossing the border can be deadly and going under the knife in a mexican clinic can nearly take your life, too. >> justine rodriguez was nearly 400 pounds and made the decision to get weight loss surgery. >> i was nervous about it. >> her insurance wouldn't cover it, she went to tijuana surgery. the surgery coast $5000, left her with major complications. >> the infection went to my brain. >> mexican tourism

they are not giving favored attention to one or two banks. ovide a lot of liquidity to banks that have not liked silicon valley bank, have not managed their interest rate risks very well. a lot of securities have lost market value. they will be able to use them as collateral. geoff: a question about how we got here, because a lot of people are pointing to the rollck of the consumer protections in the dodd frank act back in 2018 under former president donald trump as playing a role in the collapse of silicon valley bank. do you see it that way? sheila: there are so many different narratives going on. i think there were some things that happened in 2018 with the law you are referring to, as well as some of the things the fed did on its own. so-called tiering. having diffent regulatory regimes for different sized institutions. some of that is ok, but a couple of things were not ok. one is, i think banks need at least an annual stress test. you can have a simpler stress test for the smaller institutions but they need it. the need to be stressing t

quote, decisive and forceful actions to what the officials took over the weekend when not one, but two banks collapsed and she points out that deposits in those banks were safe and notably even before the $250,000fdic insurance limit. that is the message of the u.s. officials, and looking at the market, and the market is telling a different story, and the u.s. stocks are opening lower and looking at the bank stocks and the u.s. regional banks are the top line, and the first republic bank is the first san francisco regional bank is down 10% this morning, and the western alliance, and a pac alliance and these are the significant losses and on top of what is significant losses and clearly concerns remain about those regional banks and credit suisse is up, and not that much when we had the national bank there swoop in with a $50 billion lifeline for credit suisse, and jpmorgan is out with a report this morning saying that they don't believe that the emergency support is enough, and credit suisse is still needing to be taken over, and others are scrambling to put out this fire. >> thank you, matt

banking system is safe after regulars take control of two banks. the u.s. er tries to reassure americans. the u.k., hsbc will by the local are muscle, valley bank for just over a dollar. u.s. government approves a controversial oil project in alaska. activists respond. >> just approved the project with 92% of what conocophillips originally wanted. millions of young people asked him not to do this trip >> is the leader of believers goes to iran, a look at the role of es.aine global t oar ill ancia merely clean sweep of everything all everywhere once -- merely a clean sweep of everything everywhere all at once. welcome. in u.k. and around the globe, wt biden has said americans should rest assured the u.s. banking system remains safe after the failure of the silicon valley bank. wall street wobbled today as regulators tried to contain the damage. here is what the president had to seven. -- to say. >> americans can have confidence that theanking system is safe. your deposits will be there when you need them. small businesses can breathe easier knowing they will

after the turmoil in the banking industry after the takeover of two u.s. by regulators, a rally in the stock market as investors breaed a sigh of relief as nual inflation came in at 6%, showing prices rising but at a slower pace. let's get more on this from samira hussain. apparent an investigation is being opened by u.s. regulators or prosecutors into the collapse of that regional bank. samira: not just one investigation. there will be two investigations. one is being handled by the department of justice that will be looking into what exactly happened, but you also have the sec, one for security regulators in the united states, looking at what exactly led to everything that happened over the last few days. confused about what happened? let me explain that to you in a video. onewest bank collapsed, then another, and now the amerin government -- one u.s. bank collapsed, thenth aanerno, aske start of another banking crisis? all of silicon valley bank's troubles began last week when the bank was trying to raise money and doing so fast when word got out that cu

what happened with silicon valley bank and two other banks is a one off or two off or three off dependinghad a chance to hear what those folks are saying and whether this could spread, could get to be what they like to call a contagion. good to have you, congressman. is there any fear of that? do you have a fear 0 that? >> i do not. i do not. what we have in place is a very solid, very broad program that the federal government has put together. using bank money, that is the banking industry's money, to shore up the two banks that have failed. that also could go to other banks if it were necessary. so we have a situation in place where there is a backstop. no only for the two but for others if necessary. what we're seeing is a -- panic is lessening as we go into this week. the stock prices for some of the bonds -- for the equities on banks is going back up. dropped on monday. it's going back up today. analysis is being done. the question of the loans that are made by the banks is a wide open question. that requires very serious analysis, which i'm sure has not yet been done. there's no ind

of legal frameworks, and the connection of the two banks of iran and russia will happen without theneed for swift and other financial messengers. mr. khandozi also said that this will happen in the next month, the use of iranian bank cards in russia and related countries, as well as the use of bank cards, the banking messenger infrastructure of iran and russia. are connected to each other mr. khandozi said that the banks of the two countries will soon open accounts with the establishment of legal frameworks, and the connection of two iranian and russian banks without the need for swift and other financial messengers . iran in russia and related countries, as well as the use of bank cards, the infrastructure of iran's banking messenger has been connected to each other, mr. khandozi added that the banks of the two countries will soon open accounts near each other by creating legal platforms, and the connection of the two banks of iran and russia without the need for swift and other financial messengers will happen, mr. khandozi also said that this will happen in the coming months, the

okay, we've got two banks you're going to say you're going to protect their uninsured deposits. what if there are future failures? if that's probably going to be the larger ones, what is that going to do to community banks? they're going to start losing to the regionals who are now perceived to be protected. that's what happens when you start down this bailout road. i do think that bailouts reinforce bank consolidation and inevitably hurt the smaller institutions. and i really hope the regulators don't let that happen again. >> sheila bair, thank you very much. i appreciate your time with your unique perspective. >>> i want to go now to an entrepreneur and the founder of patron spirits as well as co-founder of john paul mitchell systems pair products. you know, started small and whatever banking you were doing, and obviously built -- you would be dealing with banks on very, very large transactions. so, in your capacity, business owner and founder, if you were a small business right now with all your money in a regional bank, what would you do right now? >> first of all, i love yo

the federal government takes extraordinary steps to shore up the banking industry after the collapse of twoeparate banks spark fears of a crisis. geoff: president biden approves a controversial oil drilling project in alaska. amna: and... despite a wet winter in the west, persistent drought and overdevelopment cause record low water levels for tens of millions of americans. ortega: we have two calamities, the megadrought. and we have the calamity created by the state legislature which permitted dry lot subdivisions. they're building homes with no water. ♪ >> major funding for "the pbs newshour" has been provided by -- ♪ and with the ongoing support of these individuals and institutions, and friends of "the newshour," including -- leonard and norma klorfine, and koo and patricia yuan. the william and flora hewlett foundation. for more than 50 years, advancing ideas and supporting institutions to promote a better world. at hewlett.org. ♪ ♪ this program was made possible by the corporation for public broadcasting and contributions to your pbs station from viewers like you. thank you. amna: goo

saying the banking system is safe after the government took emergency action to protect deposits from two bankst collapsed. can anxious customers now access their money? the new fallout for smaller banks and fears of a larger crisis. >>> also tonight, the major nor'easter on the move. a state of emergency in new york. and another atmospheric river taking aim at flood-ravaged california. we're tracking it all. >>> donald trump in iowa tonight after his lawyer said he will not testify about hush money payments to an adult film star. it comes as his former fixer, michael cohen, does appear before the grand jury. >>> our nbc news exclusive. uk prime minister rishi sunak. his first u.s. broadcast interview since taking office as he joins president biden and australia's leader to announce a nuclear submarine deal. his tough words for china, calling it a systemic challenge to the world order. what he thinks about the origins of covid and what's his relationship like with king charles? >>> and winning everything at the oscars. the movie making history on hollywood's biggest night. >> announcer: this is

bank. but tier two are you an unsecured creditor or a depositor. if you perceive yourself as an unsecured creditor which a lot of these large companies do, why wouldn't you move to a tier one bank. i thing a lot of people make that calculation and say my bank is not in a fail tomorrow. they are offering the half a percent and if they run into trouble with the downside for me to use my money to chase. it's 10 minutes on my phone and that's what bankers will have to deal with. tom: one of the stories on the bloomberg is how those top banks sucking in those deposits. the question about how that leaves the financial sector for the u.s. after this is unwound. >> i think the regional small banks prayed there's two ways they can get around this. if you had unlimited deposit guarantees at least for now to tell everybody you are now a depositor to regional bank you're not an unsecured creditor. that's moral hazard and the idea of a bailout. but if not, you're going to continue to train -- drain all of these regional and small banks. the other thing they coul

>> for these two banks in particular, they've put a big run around these banks. they stopped a fire here. they have made it, essentially, the depositors hole. these pr people who would have to go make payroll. these are small businesses. the white house is concerned about whether depositors are made whole, and the shareholders get in those banks nothing. -- it's a bailout of the people who have deposited in that bank. we looked at these regional banks today, really tough day for some of these regional banks. there are still some bags concerns with their stock prices. their stock prices came down sharply. you can see some of them on your screen. some of these halted trading. it was just so fast and furious, the selling here. what is happening is, investors are looking at some of these banks and saying, do they have a similar kind of profile as some of the banks that have failed? what kinds of things do they have on their books, that maybe a little bit less valuable? i think it's going to be some bumpy going here in the banking industry in the near term. for in the

they had some tough criticism for the heads of these two banks . for silicon valley bank, they said they had a concentrated business model catering to the tech and venture firms. it was not balanced. they had failed to manage the risks and liabilities when it came to significant assets and deposits leaving the bank and they waited far too long to invest other issues. the possibility management directors at the banks could be held responsible, the regulators made very clear and have already launched these investigations and are well underway into the specifics of how these two banks collapsed so quickly in retrospect. haidi: u.s. regulators have accused binance and its ceo of routinely breaking derivatives rules. it is an allegation he called unexpected and disappointing. let's get the details now. annabelle: it has been quite interesting. we've had so much scrutiny on crypto plays in the u.s. and a lot of it seemed to be regulation through enforcement measures. but most of those have been coming from the sec and now the cftc has become involved with

>>> tonight, president biden takes emergency action to calm fears following the collapse of two u.s. banks. what's being done? >>> also, the nor'easter set to slam the northeast. dangerous winds, heavy rain, and snow. >>> first tonight, the president coming before the cameras to ease concerns after federal regulators take control of those two u.s. banks. are other banks safe? and who is paying for this? rebecca jarvis live on wall street. >>> also this monday night, we're tracking two major storms on both sides of the country. the powerful nor'easter, those dangerous winds, heavy rain, difficult driving along the i-95 corridor expected. philadelphia up through new york and boston. and up to two feet of snow in some parts. new york already declaring a and nemohec veency tonig. slamming california. a levee break forcing thousands to evacuate tonight. water rescues under way. ginger zee here in new york, rob marciano in california, both tracking it all. >>> in new york city, just in tonight, the convicted terrorist who drove that home depot truck into several bicyclists and pedestrians, killi

also shoring up confidence after the collapse of two banks. why president biden is attempting to calm nerves about a wider economic problem. >>> we begin with the first alert weather day coverage. the atmospheric river rolling through the bay area is cause major ground delays at fso. the faa says travelers should expect an hour and 20-minute delays right now. 100 flights are delayed. about a dozen are canceled. >>> in the north bay, soaking rain causes hillsides to give way. a small mudslide at bohemian. it blocked one lane of the road. no word of injuries. >>> pg&e crews are busy this morning. this tree came down in a santa rosa neighborhood. we are told the tree snapped one utility pole into three pieces and damaged a second one leaving 277 customers in the dark. there is damage to two cars and street signs. we have live team coverage on this tuesday morning. justin andrews is live in santa cruz. let's turn to first alert meteorologist jessica burch with why we are calling it a first alert day. how long will the storm last? >> what is intere