organizing committee online with the capital of representatives of regional and sectoral business associations of banks of the financial fund, support for entrepreneurs, experts verify the data , each criterion must be taken into account. as they say , business loves the score of 142 applicants, only five winners in so many main nominations in the business battle, this competition, uh, encourages business initiative and development in the regions. uh, stimulates the business activity of entrepreneurs, growth, we need the growth of entrepreneurs gdp will increase gva will increase small medium business will cover not only one third of taxes, which is controlled by the tax authorities, but also exports and exports of services. uh, including development. eh, what we are now seeing in foreign economic activity, it all comes from the support of precisely the regions of zhrevich. it was many factors. this is the number of registered individual entrepreneurs. we drink taxes and the number of new jobs. in general, everything that reflects business activity in the best areas with a population of less than 50,00

organizing committee online with the capital of representatives regional and sectoral business associations of banksnancial support fund for entrepreneurs experts verify the data must take into account each criterion. as they say , business loves the score of 142 applicants, only five winners in so many main nominations in the business battle, this competition, uh, encourages business initiative and development in the regions. uh, stimulates the business activity of entrepreneurs, growth, we need the growth of entrepreneurs will increase gdp will increase small medium business will cover not only one third of taxes, which controlled by the tax authorities, including exports and exports of services. uh, including development. eh, what we now see in foreign economic activity, it all comes from the support of the regions of the jury. i read a lot of factors, including the number of registered individual entrepreneurs. and the amount of taxes and the number of new jobs. in general, everything that reflects the business activity of the best areas with a population of less than 50,000 people is recognized

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

organizing committee online with the capital of representatives of regional and industry business associations of banksancial support fund for entrepreneurs experts verify the data need to take into account each criterion. as they say, business loves the score of 142 applicants, only five winners in so many main nominations in the business battle , this competition, uh, encourages business initiative and development in the regions. e, stimulates the business activity of entrepreneurs, growth, we need the growth of entrepreneurs gdp will increase gva will increase small medium business will cover not only one third of taxes, which is controlled by the tax authorities, but including exports and exports of services. uh, including development. eh, what we now see in foreign economic activity, it all comes from the support of the regions of the jury. i took into account many factors. this is the number of registered individual entrepreneurs. the volume of taxes and the number of new jobs. in general, everything that reflects the business activity of the best districts with a population of less than 50,000 p

then a representative of the association of banks from belarus joined the conversation , who told thesioner how to secure her money in order to convince the woman . on the phone a special program and provided, calling the access codes, as a result , over 160,000 rubles were debited from the accounts of a minsk woman. the money that she inherited after the death of her husband, the employees of the cybercrime department conducted an audit, the investigators opened a criminal case , law enforcement officers once again warn law enforcement officers, employees of banks, as well as other government agencies, do not call in the messenger to obtain personal data of citizens, law enforcement officers never not sent to citizens photographs of official documents. the review of criminal and emergency incidents will be continued by victoria radevich . they underestimated the cost of goods in order to save more than 130,000 rubles on customs payments. brest customs officers. at the kozlovich checkpoint, a polish carrier was detained, who was trying to illegally smuggle a large batch of dishes acro

of difficult problems thank you to andrii dubas andrii duba with the president of the association of ukrainian banks, and now we will talk about corruption , the fight against it in our country, and what safeguards we as a civil society can create so that there are no manipulations where, in principle, they should be just no, literally, on friday , a nationwide online vote was held on the nazk platform for members of the public anti-corruption council under the ministry of defense of ukraine , more than 40,000 people took part in this vote, the final composition of the council a-a they promise to make it public after processing the mass of data received, and here is how hmm this experiment of a kind was successful or not . participant of the competition, yes , dmytro kasyanenko, lawyer, in short, a partner of a legal company, for some yen, partners , we applied to the public anti-corruption council, uh, we experimented. yes, of course, very it was interesting to see how people applied, participated, how they voted , that is, of course, they also asked our colleagues and friends to vote for my candid

the closures of banks, starting tuesday, is in response to what the industry calls �*arbitraryjudicial decisions' that have further depleted their foreign currency reserves. the associationr decades of corruption and financial mismanagement. the indonesian island of bali is planning to ban foreign visitors from using motorbikes following an increase in cases of people breaking local traffic laws. police say there have been more than 170 traffic violations by tourists in late february and early march alone. under the new proposals tourists will only be able to get bikes from authorised travel agents. and that's the main use for now. you're watching bbc news. —— the main news for now. hello. the weather feels a lot colder today. yesterday, we had cloudy, wet and windy weather, but winds were coming from a mild direction, south—westerly winds, pushing temperatures widely into double figures. but for some today, a nine celsius drop in temperatures. for example, boulmer, 1a yesterday, about 5 this afternoon. at the moment the most snow we've got lying on the ground is still to be found across northern scotland, but we have seen some snow falling from the skies a lot further s

banks have to acquire funds and investments -- invest funds. there's a lot of risk with the acquisition of funds and there is risk associated with where you invest and a lot of banking is risk management and svb did a turn -- a terrible job with risk management a they did not manage the risk on the deposit side and they did not do a good job managing their risky vestments. whatever the regulations in place work, they d not work to force a bank like svb to clean up their act. host: one of the requirements was to have pital and pretty requirements a that -- in that. guest: the capital requirements, all i have to do is going to what happened last friday. the requirements were not adequatend the other requirements are liquidity les. why didn't th work? i don't knowhe ansr to that. i will be -- when congress or oever has hearings, i want c-span to broadcast them. host: alrdy announcements from capitol hill calling for -- for hearings. guest: i think fbi is a victim in some ways --fdic is this -- a victim in some ways. the insurance system was designed to otect small deposits. there's a cap, $255,000. deposits up about that are -- deposits above that

of the 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

of lehman brothers. european financial institutions generally have solid capital ratios and so do japanese banks. >> the chairman of the japanese bankers associationed on the failures of silicon valley bank and noted they have professed full protection for the depositors. he also said the situation is volatile and needs close monitoring because inflation, interest rate movements and geopolitical risks are all weighing on the financial markets. >>> german chancellor schultz hopes to discuss the ways of securing stable supplies of rare minerals when he meets japanese officials in tokyo this weekend. >> translator: it's previcely in the area of raw material security we seek exchange with partners worldwide. that's why this topic is at the top of the agenda. when i travel to japan tomorrow for government consultations. >> scholz will be accompanied by six cabinet members, the first time for the group to meet their japanese counterparts at an official level. a senior german official said the government is interested in japan's policy of reducing its reliance on specific countries for its resources. dependence on russian energy has become a major issue

he recently issued a subpoena to bank of america for financial information related to three of hunter biden's former business associatement about learning about this subpoena through a letter of the ranking democrat on the committee, jamie raskin, democrats have taken issue with a broad the subpoena. is it spends information from over 14 years. pointing out a cover of things far beyond business dealings with hunter biden. even skipping up things like how much one of these individuals paid for his child dance lessons. now, all of this comes as democrats are also taking aim at, camera centrally calling him a hypocrite. they're accusing calmer and house republicans as standing in the way of what was a long running democrat led investigation into donald trump. this was an investigation into what foreign governments were paying to stay at trump properties. democrats have said this was an effort for foreign governments to curry favor with the former administration. they had a settlement in place with trump's team, as of last, year for one of trump's financial organizations to provide documents to hostile mccarthy on the ove

of silicon valley bank tha mirror that fully protects the depositors what does this mean? basically, the depositors will have access to all of thei money starting tomorrow. and no losses associated wit the resolution of silico valley bank are going to b borne by the taxpayer. that is zero dollars there senior management of f s vp ar going to be completely removed from the company, according to treasury and they say that it i decisive action that wil protect the u.s. economy b strengthening public confidenc in the banking system. now, one big thing, th statement did not say wa anything about the sale of the bank if you talk to any members o congress, like our team on capitol hill, yesterday an today, the biggest thing the want is a sale of the bank and on the congressional side, the california delegation of republicans and democrat wrapped a briefing call this afternoon. they were briefed ahead of thi public statement they want both the engineering of a sale of the bank, and t raise the fdic limit right now, that is $250,000. but if that does need to get raised, or if that does want t get raised, that will need congressional approval and the house is out of town for the next week

chairman of the us federal reserve said that the managers knew about the risks, but did not take the necessary measures. we consider this to be a training manual on bank mismanagement of the risks associatedterest rate liquidity. these are standard banking problems. the organization was well aware of them, the regulators. they warned her of problems, investors spoke publicly about them, but the management did not take the necessary actions. they were very vulnerable to shocks and did not prepare for them in the bank's assets. more than $200 billion, this was the largest bankrupt in the sector in the last 15 years. yes, later problems arose with european financial organizations and banks in england do not expect a repeat of the 2008 crisis, but calls for vigilance, while noting that under the blood was a surprise to them. the situation with sv b is unexpected in my thirty years of experience, i would say it is the most rapid transition from a state of health to death. and what is happening now can be described as testing the strength of banks by the market and in the end release. let me remind you of the exchange rate for today , the dollar is 76 rubles. 59 kop. euro 82 77. and that's all

airline must return the money to him, moreover, with the percentage of the supply of the central bank, but the associationgers writes now and the term of the vouchers is three and the money of the airline does not return the association. he says that he understands the money from the airline for a complete solution to this issue. no, that's why passengers are asking the ministry of transport to provide airlines with money from the budget sources. niki, newspapers close to the mintrams say that airlines must return the money for at least 100,000 tickets, officially carriers are reluctant to comment on this topic, and not officially the newspaper’s interlocutor in one of the top, five airlines stressed that, taking into account pandemic losses in the industry, compensation by the carrier from the state . would be extreme appropriate, domestic flights for airlines, which are much less profitable than international ones, and with those because of the sanctions, there is now a big problem. european stock exchanges, after 2 days of active growth, are now standing still on the news about measures to support swis

of the central bank elvira nabiullina. flight programs to turkey are not being reviewed, the association of tour operators in russia said theline. in particular, aeroflot s7 operates regular flights. so they commented information that previously appeared on one of the turkish information portals. it said that the local ministry of commerce allegedly banned the service of a number of aircraft of russian companies due to us sanctions in the first place. this applies to refueling for regular flights. cooperation between russia and uzbekistan in the textile industry was discussed in tashkent, where our first women's business mission took place. in this industry , as part of the business program, on wednesday and thursday , about a hundred targeted meetings were held, visiting local industries, as well as a business forum among the participants of more than twenty russian companies, the mission under the made in russia brand was organized by the russian export center with the support of the ministry of industry and trade and the eurasian women's forum. respect american banks received record borrowing from the fed. in just 7 days

bank deposits. in a statement the treasury said depositors will have access to all of their money starting on monday, march 13. that is tomorrow. no losses associated with the resolution of silicon valley bank will be born by the taxpayers. regulators say depositors at signature banks will also have full access to their deposits. we just talked with a bay area venture capitalist about the latest announcement. >> i think it's going to be a great relief the second ed came out that all depositors will be made whole. that is going to be extremely combing for the valley and extremely combing for any company that banks with silicon valley bank. now means that any lender can bind to them with complete safety. >> silicon valley bank is deeply connected with technology startups and venture capital. experts say is collapse because of the downturn of technology stocks and the federal reserve interest rate hike. ultimately resulting in a bank run. experts say the unexpected move today is designed to instill public confidence in all banks and prevent people from pulling out their money. nbc bay area news.>> this is a story with developments coming around the cl

we believe this is a tutorial on the mismanagement of banks the risks associated with interest rate liquidityre standard banking problems. the organization was well aware of them, the regulators . they warned her of problems, investors spoke publicly about them, but the management did not take the necessary actions. they were very vulnerable to shocks and unprepared for them, the bank's assets were more than two hundred billion dollars. this was the largest ruin of all over the past 15 years. subsequently, problems arose for european financial organizations, banks of england. they are waiting for a repeat of the crisis of 2008, but they call for being active . at the same time, they answer that the bankruptcy of the konvali bank came as a surprise to them. the next 10 years, the annual global gdp may add an additional 7% according to golden sachs, this will happen if at least half of the campaign will begin to use artificial intelligence in money, such an increase will be seven trillion dollars productivity. at the same time , the bank's analysts believe that while artificial intelligence wil

well , for some kind of discomfort, which could hypothetically be there, but associated with the introduction of swiss bankdit marking, a whistle showed an anti-record. at wednesday's auction. the price fell by more than 24% at the moment lost almost 30 for the first time for one security, offered less than two francs after it it was 5-10% that the shares of the largest banks in france also sank, and the london index. exchanges. let me remind you about four. earlier among with scales. the report admitted the weakness of internal controls. last year. he carried out restructuring on current deposits, apparently continued experts say local press si writes that the bank continues to plunge into the underworld, according to some sources. he even asked regulators to release a reassuring statement that was to reassure investors us the swiss bank went on and on wednesday night on thursday promptly announced the provision of loans of 50 billion francs. in rubles. it's four trillion. so far, all the news. jim jatters, us state department, where he worked for some time in the bureau of soviet affairs , he foresaw wha

management we believe, it's in the study guide by mismanagement of the bank risks associated with interestliquidity - this is a standard banking problem. the organization was well aware of them, the regulators. they warned her about the problems, investors spoke about them publicly, but the management did not take the necessary actions. they were very vulnerable to a shock and did not prepare for it; the bank's assets were more than $ 200 billion; this was the largest ruin in the sector over the past 15 years . england does not expect a repeat of the 2008 crisis, but calls to be active while noting that the bankruptcy was a surprise for them. the situation with svb, unexpected in my thirty years of experience, i would say is the most rapid transition from a state of health to death. and what is happening now can be written as testing the strength of banks by the market today, the dollar is 76 rubles. 59 kop. euro 82 77 and for now that's all for me. the task of great britain was to isolate the soviet union as much as possible due to european affairs. it was, of course, a huge mistake of th

revolution of silicon valley banks -- california in a manner that fully protect all the depositors deposits will have access to all of their money startin monday march 13th. no losses associatedwill be worn by the tax player we are also announcing that th similar sucked that's th stomach risk assessment fo signature bank new york, which was closed today by its stat charter authority. all the depositors of th institution will be made whole as of the resolution of silico valley bank, losses will b borne by the taxpayer. shareholders and unsecured deb holders will not be protected. senior management has also bee removed. any losses to the deposi insurance fund to suppor uninsured depositors will be covered by a special assessmen on banks as required by law. finally, the federal serve board on sunday announced it will make available additional funding to eligible depository institutions - to meet the needs of all their depositors u.s. banking system remain resilient and a soli foundation -- due to reforms that were mad after the financial crisis and ensured better safeguards fo the banking. industry those reforms combine with today's actions demonstrate our commitment t taking th

of the u. s. banks in a bit. the ease the financial for the fears of financial contagion. you'll him told members of the a, b, 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. busy belgians 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 and a big change from us that well let's fix this for right now. but there also early suggestions on there are like new possible permanent safeguards with the ba

bank safe deposit's. depositors will have access to all their money starting monday, march 13. no losses associated with the resolution of silicon valley bank will be borne by the taxpayer. we talked with a venture capitalist about the latest announcement. >> that is going to be extremely common for the valley. common for any company that banks with this being. any lender who lent to them -- >> silicon valley bank is deeply connected with technology startups and venture capitol. experts say at collapsed because of the downturn of technology and the federal reserve interest rates hikes. this all comes as the treasury, federal reserve and fdic shutdown another bank, a signature bank in new york. regulators are calling that think a systemic risk. today regulators announced depositors will have full access to their deposits. marianne favreau. nbc bay area news. >>> president biden has released a statement on this collapse. he is firmly committed to holding those responsible for this mess fully responsible. he hopes this doesn't happen again. it will be tomorrow morning on the banking system. >>> scott budman is keeping a clo

there's a lot of risk associated with the acquisition of funds where you get your deposit and also risk associated where you invest so an awful lot of banking is risk management and sbb did a terrible job of risk management, didn't manage the risk on the deposit side and they didn't do a good job managing their risky investment. whatever the regulation in place,n apparently it didn't wok force a bank like svp to clean up the way they are supposed to. >> going back to one of the requirements was toave capital and liquidity requirements within that. >> gap at the capitalre requirements again, all i have to do show what happened last friday. the capital requirements were clearly not adequate. the other liquidity rules and so forth, again, why didn't they work? i don't know the answer to that and when congress or whoever has earrings, i want c-span to broadcast so i can watch. >> some on capital hill callingc for hearings. professor, give you a sense on the deposit insurance corporation and the role they played in this. >> in some ways i think that the i see is a victim, the insurance system is set up and we can talk about how it's set up and w

of rising protests against prime minister benjamin netanyahu. to overhaul the tertiary north carolina base lender 1st citizens bank is set to buy all deposits on loans associated with silicon valley bank. sb be collapsed earlier this month after reports of a severe liquidity crisis prompted a bank run us regulations such as 17 former sb be branches would open up 1st. citizens outlets on monday. saudi national bank, turman on all dairy, has resigned after comments. he made about credit suisse prompted a slump in the bank stock value. saudi national bank was the main shareholder of credit suisse before its sale to fellows with lender. yeah. i think there will be a point in time when china is best known tycoon jack mom has returned to china to visit a school in hung joe, that according to the south china morning, post march, the co founder of tech joined alibaba and fintech group and vanished from public view, after criticizing state banks in 2020, his disappearance was seen as part of the state cracked on, on a private open trade is to for the peace trait to china. foreign ministry says that an employee of japanese from us tell us pharma detained this month, was

, the fight against inflation will have to be curtailed, because all the problems of banks, by and large, are associatedand stopping the monetary pumping of the banking sector. christine lagarde, in a conversation with vovan and lexus, whom she mistook for zelensky , also admitted that the official inflation figure is underestimated and therefore interest rates will inevitably rise. as for the prospects for the victory of ukraine, the head of the european central bank reassured her imaginary zelensky. i keep very simple point of view that wins those who have the biggest gun. it's a very stupid basic cowboy principle of the wild west at the moment, the biggest military power in the world. this is the usa and that's the point. does the united states have a desire to put up with guns on the hamburg account, is it like a financial crisis, a bank failure? it is now, and hyperinflation. well, this is when yet. however, what you sow, so you reap. ask the drone. goodbye, however. x united russia came today to the properties of twenty states to declare crimea forever with russia, the west should have no illusion

of less than half the banks assets at a loss of $16.5 billion. in the joint statement released on march 12 you said no losses associated with the resolution of silicon valley bank will be felt by the taxpayer. is that your position? >> as you know -- >> with two partial sales completed in 22 billion losses improved that doesn't square with reality. these are going by the deposit insurance fund. they'll be replaced buy set at nothing to do with the failure. that's good to be addressed by a special assessment. as we all know these banks will have to pass these costs along. those costs get passed along to the consumer. those consumers are american taxpayers. invoking the systemic risk is a last resort emergency option. and it begs the question of why you had to invoke that extraordinary session. this past sunday's announcement of a new purchaser not only were serious losses incurred but the fdic entered into a loss sharing agreement with the acquiring bank and a line of credit was extended. that's a pretty sweet deal. this makes me wonder what prevented the fdic from coming to a deal like this two weeks prior. you told the ranking member you receive th

the collapse of silicon vali bank is associated with an increase in the discount rate of the us federalve. and when rates cease to be zero , the system becomes as shaky as it was in 2008. year. this is where the domino principle comes into play. the collapse of svb led to the depreciation of assets on the balance sheets of many financial institutions of the federal reserve. the us decided to convene for an emergency meeting. the increase in interest rates was the factor that caused the problem for the bank. 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 them in us treasury bonds at the time of investment, interest rates on them were very low, but at the same time with this, the fed began an aggressive rate hike and then people wanted to send their money somewhere else, and the bank is forced. keep the stakes high. it would seem that investments in this bank are almost more reliable than dollars in size, it is the sixteenth in the united sta

one of the bank's biggest shareholders, harris associates has sold its entire stake in the swiss bank bank last august, which it reduced to 5% injanuary. it's now off—loaded its stake entirely. the head of the fund told the financial times they're worried about the future of the firm. it leaves the saudi national bank as the largest shareholder in credit suisse. sunaina sinha haldea is global head of private capital at raymond james. thank you for being with us. just remind us of the background to this story. it is fascinating, the fall of a giant, and then the reason, the headlines today that do not make for welcome news for credit suisse. goad welcome news for credit suisse. good morninu. welcome news for credit suisse. good morning- thank _ welcome news for credit suisse. good morning. thank you _ welcome news for credit suisse. good morning. thank you for _ welcome news for credit suisse. (13mm morning. thank you for having me. this is another headline that does not make good credit for credit suisse. it is almost death by a thousand cuts. —— 1000 cuts. the background here is simp

capitalism. depositors will have access to all of them. money's starting monday, march 13, no losses associated with the resolution of silicon valley bank will be borne by the taxpayer. finally, the federal reserve board on sunday announced it will make available additional funding to legible deposit or institutions to help a show. banks have the ability to meet the needs of all the depositors. investors in the banks will not be protect it. knowingly took a risk, and when the risk didn't pay off, investors lose their money. that's how capitalism works. i repeat that no losses will be borne by tax payers. instead, the money will come from the fees, a banks pay and the deposit insurance funds. so how is all of this going to play out? here's what we've seen so far. the banks that were left cash strapped have now borrowed $300000000000.00 from the bad. almost half of that money went to holding companies for silicon valley bank and signature to the bank that just collapsed and caused panic on the market. an additional $153000000000.00 was borrowed from the federal reserve last week. this commerce through a program called the discount window.

of capitalism. deposit is will have access to all of them money starting monday, march 13, no losses associated with the resolution of silicon valley bank will be borne by the taxpayer. finally, the federal reserve board on sunday announced it will make available additional funding to legible deposit or institutions to help a show banks have the ability to meet the needs of all the depositors. investors in the banks will not be protect it. they knowingly took a risk and when the risk didn't pay off, investors lose their money. that's how capitalism works. i repeat that no losses will be borne by tax payers. instead, the money will come from the fees. a banks pay end of the deposit insurance funds. so how is all of this going to play out? here's what we've seen so far. the banks that were left cash strapped have now borrowed $300000000000.00 from the bad. almost half of that money went to holding companies for silicon valley bank and signature to the banks that just collapsed and caused panic on the market. an additional $153000000000.00 was borrowed from the federal reserve last week. this comes through a program called the discount win

on the balance sheets 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,

she's going to be talking also with the head of the american banking association. what does she say in terms of additional measures of support and why they are needed now? how do you get confidence in markets at a time when you also are saying we need to provide a bigger backstop? jonathan: there are only 70 times you can say it is robust and resilient. and then they get into trouble. at some point you have to change policy. lisa: you would not say that unless there's a problem. you've to see what measures you are taking and why they are necessary if there is this resilience and a stability in banking. jonathan: someone at jp morgan said this, the fed is facing a difficult task but it is likely past the point of no return. he says a soft landing looks unlikely with the airplane on a tailspin. engines about turnout -- turn off. steve joining us. wonderful to catch up. are we at the point of no return or past it? steve: we believe the u.s. economy it was going to stall even before these banking events happened. there was a sharp tightening in lending standards for any

, though, is that a lot of venture capital and technology money, a lot of health care money, were associated with some of this bank risk. so when you simply just say okay, some of the mid-sized banks, not as big an issue, as long as we know that they're folded into another large institution and you can feel safe about that. but there will be impacts in the commercial market. we're seeing debt basically on companies that are what you call high yield, a little riskier, get a little dangerous. right? because can they pay their bills? right? those will be the kinds of questions we start seeing in the months ahead. the reason goldman sachs is coming out and saying of they've increased the risk of recession by 10% is because what we're starting to see are some structural issues that we need to wrap our arms around and some of that, right? is a reflection of raising interest rates so quickly to address inflation. so right now we're a little bit between a rock and a hard place. but i do believe there is more to this story than necessarily meets the eye and we're going to spend some time getting familiar with that over the

of banks. wall street collapse, this bank shows a different situation that can start a chain reaction associatedal banks, then there are banks, many hundreds of them, that serve the interests of small -medium businesses and the american population as a whole. in particular. this bank is a hell of a sign, it's already in new york. and here the political consequences can be for the administration in essence. with trophic, because the crash of 2008 affected some, as they say, the tip of the banking crisis on the economy. this did not immediately affect, but here today the economy can touch the real sector, the household sector may be under immediate. eh, blow and in this regard, you understand a lot today depends. here on monday, biden wants to speak so to speak, and so on. much will depend on whether he manages to reassure the american financial sector and the american public about the fact that the administration keeps, so to speak , a finger on the pulse, while it seems that the administration itself does not know what to do very contradictory actions and it is very likely that that banking pani

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former chair of the american banking association.e 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 10

built here. 80% of the commercial lending in this country does get done right regional banks. 60% of the residential lending in spite regional banks. that has led the national associationay and i quote them now, a follow on effect of the pressure on regional banks as well as continued fed tightening will be further constraints for acquisition, development and construction loans for builders across the u.s., some impact there as well as we talk to a realtor in miami who says yes, they're going to feel it too. the squeeze on potential home loans. >> i think that definitely the capitol outflow of the regional banks into the big banks is going to cause a lot of liquidity's in the small regional banks and the upcoming days and weeks. they are going to have some of the issues as well. they may be making loans on the local level. >> new home owned rates now hi. little down in the last week from 7% to 6.6% for the average 30 year. six-point to 2% down to 5.9% for the 15 year term. pending home sales have been lagging vertical to the folks the lack of supply has put in home sales down 16% year over year so far in 2023. so the tentacles of the problems with the banks reaching ou