former chair of the american banking association. sure to catch an interview with former berkeley -- barklay ceo. let's look at credit suisse as we head to break. at least four banks have curbs on traits with credit suisse, according to reuters. this is bloomberg. ♪ jon: time now for today's for what it's worth. before the banking turmoil last week, many thought the fed's rate hike would be another 50 point move, and out some are sure we will see a hike at all. the bloomberg economics team has estimated the new stress and the banking system would be the equivalent of that kind of rate hike, assuming this turmoil extends into the second quarter. obviously some strains doing the work the fed was supposed to do before. kriti: what does that mean for march 22, the fomc decision? silicon valley bank group now notified by the nasdaq the stock will be delisted. they don't plan to appeal the nasdaq decision when it comes to those shares. the stock will be suspended on march 28. it looks like it hasn't traded since march 10, they would at 106

they specifically note the bank policies to the american bank association with this petition asking for this rule to provide guidance to try and weaken the punch of supervisory rules paid are you aware of that? >> that martin: yes, senator. >> this goes into the frame the chairman of the committee made earlier, we have a lot of folks that have been saying for months and years. let's rain in the bank's supervisors. now all of a sudden, it is like, where the supervisors? why were they not being more aggressive? do you agree that that guidance, putting that into rule, sent a message that you do not have to listen to supervisor's guidance that much? and would you be willing to take a look at whether or not that should be repealed? martin: senator, i am not sure of the impact of that guidance, i think it is an appropriate area for us to be looking at, i know that staff will be thinking about that respectively svb case. if it mattered or did not matter. i do think it is an appropriate area to look at. i do not have a firm conclusion about it. >> i hope you take a look at it. it was done at th

they specifically note the bank policies to the american bank association with this petition asking for this rule to provide guidance to try and weaken the punch of supervisory rules paid are you aware of that? >> that martin: yes, senator. >> this goes into the frame the chairman of the committee made earlier, we have a lot of folks that have been saying for months and years. let's rain in the bank's supervisors. now all of a

banks. she speaks to an american bankers association conference today. tervention was necessary to protect the banking system and a similar action could he wanted if there is a run on smaller banks. the federal reserve faces a tough choice this week. jerome powell and his colleagues will consider whether the global banking turmoil is so concerning that the rate hike should be abandoned. they will announce on wednesday. u.k., swiss, norwegian central banks will set rates this week. joe biden has issued his first veto, rejecting a that would prevent a rule allowing retirement portfolio managers two-way environmental, social and governance issues in their decisions. esg factors such as climate change have grown in popularity and finance. the u.s. will send another $350 million to ukraine, including ammunition, riverboats and other equipment designed to keep ukraine from running out of artillery shells and missiles to use against russia. the most expensive city in the world for business travel is still new york. according to eca international, it will cost yo

this is what janet yellen, the treasury secretary, said yesterday to the american banking association. intervention was necessary to protect the broader u. s banking system. and similar actions could be warranted if smaller institutions suffered deposit runs that posed the risk of contagion. she's basically saying there, senator smaller mid size banks. if you fail to we've got you. above the $250,000 fbi. see insurance threshold is that necessary? well if she is projecting absolute confidence, because what we had was a classic run on a bank. we had silicon valley have billions of dollars, withdrawn within a few hours, driven by kind of internet communication and the situation with silicon is very different than most banks. they had a huge investment in bonds, which meant they were incredibly vulnerable to a rise in interest rates. but now we have people saying well, if this fear even if your bank doesn't fit those circumstances, this fear of other people withdraw. we better withdraw and she's wanting to say everyone. calm down. we're going to protect whatever we need to do to keep the

a leaders edition intelligence recruited step on bank data while the americans banked his closest associate, nicolai's livid. he participated with by dara in the murder of the pollution terry minister. and was seen by the u. s. army count of the u. s. army is counter intelligence corps. as someone who was extremely dangerous, extremely unstable. the americans knew that in 1939, it was the common done. so the gesstavo intelligent school in the pony city of zach upon a there, he tortured prisoners with cruel and sophisticated methods for which he, on the nickname say to the summer of $940.00 live, it became the head of the security service of the organization of ukrainian nationalists, even the souls bestbuy on a thought that it stupid just possible. the boy a cam will be one here. she goes by choice a but shims of stairs can stay a boat and they even nice, i'm sure come the calamity of them in this photo. live it is standing next to a c. i. a officer. active training of saboteurs is underway. us intelligence together with hitler's executioners trained hundreds of saboteurs to be deployed in

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while the americans banked his close, his associate nicholas livid. he participating with by dara in the murder of the pollution carrying ministry and was seen by the u. s. army count. the u. s. army is counter intelligence corps. as someone who was extremely dangerous, extremely unstable. the americans knew that in 939 live it was the common done. so the gustavo intelligent, the school in the pony city of zach upon a there, he tortured prisoners with cruel and sophisticated methods for which he the nickname, say this in the summer of 1940 levitt became the head of the security service of the organization of ukrainian nationalists even the souls best buy it on a fact that it's cheap, it is possible. the boy on yeah. series he orange doesn't know what i'm sending you from the premium there. boy just thought cam will be one year. she goes there by choice. go key, but it seems that this steers from a may even like i'm sure you come, the collaborative is and in this photo limited standing next to a cia officer. active training of saboteurs is underway. us

while the american bank is close, his associate nicolai's livid. he participated with by dera in the murder of the pollution carrying ministry. and was seen by the u. s. army count u. s. armies. counter intelligence corps. as someone who was extremely dangerous, extremely unstable. the americans knew that in 1939 that it was the common done. so the gestapo intelligent the school in the pony city of zach upon a there he tortured prisoners with cruel and sophisticated methods which he on the nickname status. in the summer of 940 levitt became the head of the security service of the organisation of ukrainian nationalists. even lost souls bestbuy its yeah. on a possible the boy on. yeah. so he can, he only does right now what i'm sending you from the premium there. boy yeah, just for cam will be one year. she goes down by choice go e. but it seems that this steers, i'm a more than that, even i am sure you come the calamity. evans, i'm in this photo limit, is standing next to a c. i. a officer. active training of saboteurs is underway. us intelligence t

a leaders, british intelligence recruited step on bank data, while the americans banked his close, his associate nicholas livid. he participated with by dera in the murder of the pollution carrying ministry. and was seen by the west army, counted us armies, counterintelligence or as someone who was extremely dangerous, extremely unstable. the americans knew that in 1939 lib, it was the common done. so the gustavo intelligent school in the pony city of zach upon a there, he tortured prisoners with cruel and sophisticated methods, for which he the nickname, say to the summer of 940 live, it became the head of the security service of the organization of ukrainian nationalists even the souls best buy it on a fact that it's cheap, it is possible. the big one. yeah. see it in the orange doesn't know what i'm sending you from the premium there. boy just put cam will be one year chip going down. so my choice go off the bus shims of stairs can a boat, and they even nice, i'm sure come the calamity image. and in this photo live, it is standing next to a cia officer. active training of saboteurs is underwa

while the american bank is close to associate nicholas debit. he participated with by dera in the murder of the pollution, carrying a minister. and was seen by the way me, i count the u. s. armies. counter intelligence corps. as someone who was extremely dangerous, extremely unstable. the americans knew that in 939 live, it was the common done of the gestapo. intelligent school in the pony city of zach upon a there he tortured prisoners with cruel and sophisticated methods for which he on the nickname status. in the summer of 940 levitt became the head of the security service of the organisation of ukrainian nationalists. even the fulls best buy a thought that is cheap. it is possible of the boy on yeah. series he, orange doesn't know what i'm sending you from the premium there. boy just for cam will be one year of cheery boys. so my choice go key, but shims of stairs can see me at that. there are more than they even nice. i'm sure you come, the collaborative is i'm in this photo limit is standing next to a c. i. a officer active training of sab

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influential you pay leaders, british intelligence recruited step on bon dera, while the americans banked his close, his associate nicholas livid. he participating with by dera in the murder of the pollution carrying ministry. and was seen by the u. s. army account in the u. s. armies counter intelligence corps. as someone who was extremely dangerous, extremely unstable. the americans knew that in 1939, it was the common done so that gustavo intelligent, the school in the pony city of zach upon a. there he tortured prisoners with cruel and sophisticated methods for which he the nickname, status. in the summer of 940 levitt became the head of the security service of the organization of ukrainian nationalists. even the souls bestbuy its yeah. on a ship it is possible, a cam will be one year shipper goes down, so my choice go key, but it seems like this steers from a boat. the may even nice, i'm sure come the calamity image and in this photo limit is standing next to i officer. active training of saboteurs is underway. us intelligence together with hitler's executioners trained hundreds of saboteurs to be deployed i

while the american, this bank is close, his associate nikolai debit. he participated with by dera in the murder of the palatial carrying minister. and was seen by the way army counted the u. s. army counter intelligence war. as someone who was extremely dangerous, extremely unstable. the americans knew that in 1939 lib, it was the common done. so the gesstavo intelligent school in the pony city of zach upon a there, he tortured prisoners with cruel and sophisticated methods for which he, on the nickname status. in the summer of 1940 levin became the head of the security service of the organisation of ukrainian nationalists, even lot fools, bestbuy on a fact that it's cheap. it is possible. the boy on yeah. series in the orange doesn't know where i'm sending you from the premium there. boy. yeah. just for cam will be one year chip or he goes down by choice. oh, go over the wash. him. sucked is stairs on a boat from that even i as him show idea, come the collaborative is i'm in this photo limit is standing next to a c. i. a officer active training of sab

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bank, eclipsing the previous $250,000 limit. in washington, yellen told the american bankers association that it's critical to ensure public confidence. ansimir acons uld er institutions suffer deposit runs that pose the risk of contagion. amna: also today, leaders of the nation's major banks began a two-day, regularly-scheduled meeting in washington. their $30 billion rescue of first republic bank, based in san francisco.en's comments helped wer tensions and boost stocks. the dow jones dustrial avege gained 316 points, 1%, to close at 32,560. the nasdaq rose 1.5%. the s&p 500 added 1.3%. l the new yk knicks tba greatii their refirstitle in 1970 playing injured in game seven to beat the los angeles lakers. today, the knicks tweeted the iconic image of reed walking on to the court moments before tip-off for that game. he won another title in 1973 ana ev aalimen sl--t at the white house hosted some of the nations leading musicians, actors, and writers today. president biden presented bru springsteen with the national metal of the arts. he also honored julia lo uis-dreyfuss, mindy kaling, among others. >> the work of our honorees is as

we asked the american bankers' association, the international banking federation, and uk finance, whichresents uk banks, to talk to us today. they all declined our invitation. some bank chiefs have been called to answer questions about this issue to lawmakers. here's what the boss of britain's lloyds banking group said to members of parliament. typically, people with money to invest and save, they aren't struggling with the cost of living, with the day—to—day living expenses and they typically don't have a mortgage. the average mortgage customer has £75,000 of income. and for savers, it's the same story. 80% of customers in the uk have less than £5,000. so, they are the ones we really worry about from a mortgage and from a cost—of—living perspective. there's a relatively smaller percentage that are looking for returns. and we really believe in transparency and fairness and we've got products similar to alison and ian that can provide 4%, 5% returns for those customers. and it's all about transparency and choice and access that we really focus on for them. so, is this anything new? let's

about money and how the global american banking crisis there and the new american one can affect the stability of our financial system. andriy dubas, president of the associationbanks , is in touch with us. glory to ukraine p. andriy heroes, glory to you to see each other's colleagues. andriyu well, two of the larger so-called american banks rather went, so to speak, on the course of not knowing which ship they went bankrupt, so we might even we wouldn't have strained if the financial stars hadn't developed so that credit went somewhere, the swiss powerful fundamental bank also faltered , and we are worried, you know, not for the global economy, not for the money of somos, but for ourselves . accordingly, if such large global financial waves begin, so to speak our hryvnia did not drop in price by a couple of cents, how can the world crisis affect us thank you for the question i will agree more with your permission with your colleague we are also worried about our colleague only and do what we agreed it is not dangerous with khrystyna no to agree, but this is so for the future, eh well, not only for such reasons, let’s say professional reasons, but also because

bank. but while speaking to the american bankers association conference on tuesday, treasury secretary janetlen said the u.s. government is prepared to intervene again if other banks pill and similar actions could be warranted. >> if smaller institutions, so for deposit runs that pose the risk of contagion. however, yellen says the banking crisis is almost over. the situation is stabilizing. house speaker kevin mccarthy blames the federal government for recent banking failures. why are we having a banking crisis? >> because government spent too much and created inflation. and we'll learn more this afternoon on if the fed decides to raise interest rates. reyna. >> alright, worship things that update there. and back here at home continue to track the rain for your morning commute. >> taking a live look at the conditions across the bay area right now. looks bringing tents out there. and we're also tracking your commute. this is a live look at 2.80, in san jose. you can see pretty slick conditions out there and got red lights. everybody slowing it down on the road. we'll be right back after th >

banking crisis. a new poll by the associated press shows only 10% of americans have faith in our banking systems. who can blame them? our economic growth is flat lining. the fed projected that the gdp will be .4% and next year only 1.2%. both numbers are down from their earlier projections. welcome to biden's new economic normal. long lasting inflation and a lower standard of living. put that on a bumper sticker. >> i go to two stores. food town and the dollar store to get the extras for cheaper. >> [muffled audio]. >> people are not working. jobs are not the same. for stores to increase the price it's very hard. >> we cut back on the amount we purchase. we ration the size. not as many left overs. >> laura: this is the reality of the life in the biden era. this is what any republican candidates needs to dig us out from. what should desantis's campaign message sound like? number 1, don't get sucked into a trump slugfest. it won't benefit desantis to respond to small criticisms. he did a good job with piers morgan by just briefly touching on it and moving on. >> the nickname from trump so far meat

collapsed american silicon bank or the swedish fund lost more than a billion dollars norwegian 848 million among the bankrupt and the pension fund of state employees of california and the associationchers among the potential victims of the banking crisis are not the poorest americans who kept funds in a silicone bank is the tv presenter oprah winfrey and british prince harry who fled to america for the best life wife meghan markle reportage valentina bogdanova in a difficult week for the banking industry, the second largest banking collapse in american history, billions of dollars of capitalization flowed out of the american banking sector on black monday, as if not only 20 regional banks were hit into a black hole, whose quotes turned crimson , but also those who support the entire wilsfargu city system gp morgan bank of america we are watching what is happening with banks with assets of more than $ 5 billion trading in shares of american banks several once had to be stopped, but it tried the new york stock exchange, the federal reserve, the us treasury and the white house watched everything from the outside. this is a classic bank failure, where there were regulators, biden. all

banks in a bid for ease the financial for the fears of financial contagion. you'll him toll members of the a, be a that's the american bankers association, that the federal government is ready to step in to help out other trouble lenders after the collapse of silicon valley bank and signature bank. saying that the steps we took, we're not focused on eating specific banks and that our intervention was necessary to protect the broader us banking system. and more importantly, she said that similar actions could be warranted if smaller institutions suffer. deposit runs that post the risk of contagion. so if you're wondering what does this mean? treasury secretary, you're pretty much taking a val today to come to the rescue of troubled regional banks and regional lenders and the response positive as expected. the dow jones closing up nearly one percent 1st republic, soaring just under 30 percent, that a key core us bank or jumping more than 8 percent pack was of nearly 18 percent. that a big change from yesterday? well that's the fix is for right now, but they're also early suggestions on there are like new possible permanent safeguards for the banking system. what do y

bank. but while speaking to the american bankers association conference on tuesday, treasury secretary janet yellen said the u.s. government is prepared to intervene again if other banks pill and similar actions could be warranted. >> if smaller institutions, so for deposit runs that pose the risk of contagion. however, yellen says the banking crisis is almost over. the situation is stabilizing. house speaker kevin mccarthy blames the federal government for recent banking failures. why are we having a banking crisis? >> because government spent too much and created inflation. and will learn later this afternoon. the fed's decision when it comes to interest rates reporting in washington reshad hudson, back to you. thanks a lot. we'll shot. all right. 5.21, is the time we're going. take a break. but as we go, another reminder, it is wet out there. be careful. give yourself extra time. she might want to leave a little early today. >> it is still stormy outside as we're looking at a live look here at 101, out of that. lebron will be right back. alright everybody it's two of any of these... for j

bank. >> but while speaking to the american bankers association conference on tuesday, treasury secretarylen said the u.s. government is prepared to intervene again if other banks pill and similar actions could be warranted. >> if smaller institutions, so for deposit runs pose the risk of contagion. however, yellen says the banking crisis is almost over. the situation is stabilizing. house speaker kevin mccarthy blames the federal government for recent banking failures. why are we having a banking crisis? >> because government spent too much and created inflation. and we're expected to learn this afternoon what the fed will do when it comes to interest rates. reporting in washington, reshad hudson, back to you. thank you, reshad. all right. we're going to take a break. it is 6.22, we're going to take you outside quickly here. show you what it looks like here. this is what i want to broadway. >> where the roads are wet. the radar still has a lot of rain coming down right now in john's talking about how this is going to be with us for the entire morning commute. we'll have another full look

bank. but while speaking to the american bankers association conference on tuesday, treasury secretary janet yellen said the u.s. government is prepared to intervene again if other banks pill and similar actions could be warranted. >> if smaller institutions, so for deposit runs pose the risk of contagion. however, yellen says the banking crisis is almost over. the situation is stabilizing. house speaker kevin mccarthy blames the federal government for recent banking failures. why are we having a banking crisis? >> because government spent too much and created inflation. and the fed is expected to announce its decision on interest rates >> reporting in washington reshad hudson, back to you. well, thank you very much for shot. time now is a 21. and we're taking a quick live look at the toll plaza. >> for the richmond center fell bridge and you can see that the it stack up quite a bit here and the roads are wet. obviously, it's still raining out there and we're going to get another look at that with actually this the richmond center fell bridge at. we've got well, we've got john stand by looki

american capitalism, the stool staggered and again miracles were imposed on our banks with sanctions from head to toe, but for some reason american banks are going bankrupt. the collapse of the ssb turned out to be associatedn the discount rate of the us federal reserve system. in addition, the authorities closed large new york signings due to systemic risks. america's main systemic risk is the grandfather sleeping in insanity, and digging in the oval office. the only thing which has been stable in the us banking system since time immemorial. these are their years. we are waiting for a statement from the baidan that it was putin who bankrupted the american ersakh banks. the head of financial risk management at the uk branch emphasized the creation of a safe space in the bank in which gay employees could share their experience of marriage and family relationships, as well as a transgender awareness week. what a beauty, yes, the risk manager was engaged in the promotion of lgbt apparently, the lack of diversity was considered the main risk for the bank. i understand that they fired economists and hired faggots. well, what she was taught at harvard is what she does. there, instead of economics , american stud

banks face today. >> the secretary went further in her americans bankers association speech saying that she possibly lack at covering more ensured accounts at other smaller banks to ensure stability and that's a change from what she testified last week. liz: edward lawrence, thank you so much. we need this guy on the show. congressman greg steube. when secretary yellen says fdic may temporarily expand, covers uninsured deposits, doesn't that mean more bank crank-ups and more banks will gamble with the deposits and then expect a bailout and taxpayer wills have to foot the bill for that for their wrongdoing? >> yeah, that's certainly not what i support. i don't think that's what mr. mchenry the chair of the financial services committee support, i know republicans don't support that, speaker mccarthy don't support that. there's a lot of support in the caucus to not increase bank bailouts or allow for bank bailouts. this is a situation where he don't need more regulation, we have plenty of regulation on banks. we have a situation where the regulators weren't doing their job for whatever reason and i'm gl

s banks, while speaking to the american bankers association, yellen said the situation is stabilizingt more rescue efforts by the federal government could be necessary. we are squarely focused on doing our job. and you should rest assured that we will remain vigilant a few blocks away at the federal reserve board members began their policy meeting. economists are anticipating the fed will raise interest rates by a quarter percentage point, but the recent turmoil in the banking system has some calling for a pause. i hope that they are cautious that they think about the potential negative impact of additional rate increases in the midst of all of this uncertainty. others disagree with inflation still above the fed's 2% target. i think the fed will tighten 25 basis points tomorrow. that's a coin flip. it's a guest just like anybody. buddy else's inflation is still an issue and inflation affects everyone and particularly its very regressive , particularly affects working class people. following the fed's announcement wednesday, capitol hill will be busy with hearings where cabinet members

banks too. she was addressing the american bankers association, so a group of bankers, but also the american people are listening, and that was a vote of confidence. did it quell these calls for treasury to come out and ensure all deposits no matter the size? stuart: so she didn't say anything about that directly? lauren: not that i recall. stuart: she will backup banks if they get into trouble. lauren: and people just want to pull their money, and that's not always warranted because the health of the banking system is generally safe. stuart: let's get a quote from what she said. she says the treasury is ready to save the smaller banks. here is what she said, roll it, please. >> the public should have confidence in our banking system and it's our intention to remain vigilant in the days and weeks to come, and as i said in my remarks, that means potentially intervening, if a smaller bank experiences the kinds of difficulties we've seen that pose the risk of contagion. stuart: well, look whose back. the bear himself, eddie eddie ghabour is joining us this morning. eddie, does backing up the banks mak

of many financial institutions , stock quotes, american and european banks continue to decline, the fall of some securities reaches 65% the ruin is associatedn increase in the discount rate of the federal reserve system. us interest rate hike was the factor that caused the bank's problem. in addition, this was influenced by the pandemic and the management strategy. what happened at the end of the twentieth year, the bank began to grow rapidly, and then withdrew deposits invested their us treasury bonds at the time of investment, the interest rates on them were very low, but at the same time the fed began aggressively raising rates , and so on. people wanted to send their money somewhere else, and the bank was forced to maintain high rates . well, some experts associate the 2008 crisis. still , what is happening now is more like the situation with the crisis of the eighties, when interest rates increased, and an imbalance arose. for credit institutions, what is happening now is more reminiscent of the situation with the e crisis, e sne, the so-called. yes savings and organizations this crisis took place in the eighties and had, in principle,

banking crisis. >> well, they have that. a new poll out tonight by the associated press shows that only 10 percent of americans now have faith in our financial banking system. and look who can blame them. they see our economic growth is flatlining. the fed today predicted that this year our gdp will be a dismal point, four percent in next year. >> only one point two percent. both numbers are down from their earlier projections. so welcome biden's new economic normal, long lasting inflation ,a lower standard of living. >> so put that on a bumper sticker. >> i have to go to two stories. i go to the food town and i go to this store here right afterwards to get the extras, you know, like for cheaper pack of meat, cause about ten dollars now when it was like five and three dollars for a lot of people are not working . jobs are not the same. and for stories of increasing the prices very hard, we cut back on the amount we purchase . we ration. as far as the size wise, there's not as many left over. >> now, this is the reality of life in the biden era, and this is what any republican candidate will need to dig us out from. so given

to the american bankers association and talked about the economy and health of the banking system.s we don't have all the information we need about svb and his signature. it is too early to talk about regulatory changes. it is being talked about. is that because it will be hard to make those regulatory changes? carhart will it be to guarantee all those deposits? kailey: there is a massive legal question, because changing fdic limits is with the authority of congress and there is a massive question if there would be enough bipartisan support. given that we have had lawmakers on both sides of the aisle expressing support for the idea of changing with the insurance limit is, you also had significant pushback, including from the house of freedom caucus that put out a statement saying that is encouraging that behavior if you were to inquire directly insure all deposits in the u.s., a very different -- difficult political question whether this can be done. we understand the treasury is looking if it can use emergency measures but i would say this is currently being looked at. they don't

you already associate with the 2008 crisis in both in this case, about which we are considering, well american banksere have been problems so far. the largest bank was the silicone vollebank, which is a crisis in europe, and there problems arose from, uh, a sudden current of deposits of classic backgrans, so that in another case, but in the silicone very bank is a very specific institution, a bank that specialized in service. uh, all sorts of medical technology startups. in fact, he has grown a lot over the past two years, two and a half years. first of all, these pandemics. uh, the number of deposits. it has tripled in size. and, that is, just at this time they increased. uh, the willingness of the investor to represent funding by all sorts of startups on all sorts of technological evenings, a lot of money was formed and the bank, roughly speaking, had nowhere to put the money and did not find anything better than to put liquidity uh in uh its haircuts, and then american rates began to rise if they began to fall in price. and at the same time , the same startup began to give them much less money. a

you already associate with the 2008 crisis in both in this case, about which we are considering, well american banksthere have been problems so far. banks had the largest silicone roller, which in europe, uh, three isches, and there problems arose from, uh, sudden current, deposits of classic backgrans, which in one case and in another, and very bank silicone is very specific a bank institution that specialized in servicing. uh, all sorts of medical technology startups. so, in fact, he has grown very much over the past two years, two years. half a year. first of all, these pandemics. uh, the number of deposits. it has tripled in size. and, that is, just at this time they increased. eh, the willingness of investors to provide funding for all sorts of start-ups on all sorts of technological evenings, a lot of money was formed and the bank, roughly speaking, had nowhere to put the money and did not find anything better than positive liquidity. e in e her haircut, and then american rates began to rise and shoot down in price. and at the same time, the same startup began to give much less money and them.

american banking system is really safe and well capitalised. it's resilient. to discuss the impact of collapse of silicon valley bank on uk startups, i'mjoined byjulian david, the chief executive of techuk, the trade association. i wonder, first off, how much has this the sector?— has this the sector? thank you. it is very significant _ has this the sector? thank you. it is very significant and _ has this the sector? thank you. it is very significant and particularly| is very significant and particularly significant for hundreds of companies in our thriving startup and scale up sector. customers of silicon valley bank. first of all the investor aspect of what silicon valley bank uk did, more urgently, it is the fact that it is a retail bank for those companies. many of those companies are wondering whether there will be excess funds to pay their rent, pay their suppliers monday morning. find to pay their rent, pay their suppliers monday morning. and with it? what do you _ suppliers monday morning. and with it? what do you understand - suppliers monday morning. and with it? what do you understand what - it? what do you understand what happened on monday morning? the happened on monday morning? tue encouraging h

banking industry . most economists are predicting a modest quarter point increase . it comes as treasury secretary janet yellen is telling the american bankers association, the government is ready to step up support. yellen says the government will will guarantee more deposits if the banking meltdown continues on wall street, all three major u. s indices closed higher on tuesday . the nasdaq fared best gaining more than 1.5. and cnn's anna stewart is following developments for us. she joins us live from london. good morning to you, ana. so the big question, of course, what the federal reserve plans to do with interest rates to bring down inflation without spooking the markets. a tough call. of course. what can we expect a balancing act morning, rosemary . on the one hand, the central bank has to consider inflation on the other also has to consider financial stability and as we've seen in the last couple of weeks. frankly confidence is in short supply. inflation is something the federal reserve absolutely has to tackle, but interest rates are affected, but a pretty blunt tool. there's always some collateral damage. one of the biggest risks, of course with raising rates

speaking to the american bankers association, she said this i think, trying to calm these banking concerns. listen. let me be clear. the government's recent actions have demonstrated our resolute commitment to take the necessary steps. to ensure that depositors savings and the banking system remains safe. where do you come in on whether the united states government is going to guarantee all deposits here in the near term, if there's another bank failure, do you think that she was suggesting that it's really hard to say honestly. there were so many questions left unanswered by yellen's remarks yesterday. i am not sure if that suggests that those answers are still being debated within the halls of the white house or the treasury department or if we will get some sort of announcement in the coming days. what i do know, though, is that that has had has to happen in tandem with the federal reserve. figuring out what to do we have all of these parts of government trying to decide how to respond to this immediate crisis will also going about the jobs that they were working on to try and control t

and they specifically note the bank policy institute, the american bankers association, the submitting position for this rule to provide guidance to try to weaken the punch of the supervisor rules. are you aware of that? >> yes, senator. >> this goes into the frame with the chairman committee made early on where we got a lot of folks that had been saying for months and years, let's rain in the bank supervisors, and now all of a sudden, it's like, where were the supervisors, why weren't they being more aggressive? do you agree that the guidance, putting that into rule sent a message that you don't have to listen to supervisors, guidance that much, and would you be billing to take a look at whether that should be repealed? >> senator, i'm not sure of the impact of that guidance. i think it is appropriate area for us to be looking at. i know that staff are going to be thinking about that with respect to the svb case, whether it mattered or didn't matter. i do think it is an appropriate area to look at, but i do not have a firm conclusion about it. >> i hope you'll take a look at it becaus

second largest bank collapse in us history the fdic saying that the sale involves a sale of all deposits and loans of svb to first citizens last week in a speech to the american bankers association. secretary janet yellen saying that the biden administration's swift response to protective positive savings in the silicon valley and signature bank collapses was key to fortifying the broader us banking system. the government's recent have demonstrated our resolute commitment to take the necessary steps to ensure that the positives savings and the banking system remains safe. and the news is impacting the markets nasdaq traded first citizen bank shares inc. jumping about 12% in pre-market trading today and shares of other banks are also seen a boost and the fdic saying that customers of silicon valley banks should continue using their current branch until they get noticed from the new bank that all of those conversion systems have taken place live in santa clara gloria rodriguez abc 7 news. elon musk says the value of twitter has plummeted from the 44 billion dollars. he paid in october to about 20 billion now that's according to the new york times which has seen an email musk sent