banking and the banking activities of mr. muallem, what did mr. muallem point out that we should eliminate interest first . peace be upon you and may god have mercy on you. on the occasion of the death of the late imam and also the duty of the martyrs of 15 khordad as you said, and his wife, who is a teacher, i present to you, the issue has been specifically addressed in the qur'an and hadiths, and it should be considered as a good work, a humanitarian work, if it becomes a commercial work, in terms of islam is hated, and in fact, it is a contractual loan that is built for cooperation between people. if people benefit from economic transactions , they can use oil transactions . can use so some content regarding cholera, while it has come , the same as what the people of manto have said, there may be other cases that are hidden from our view and have not come . let's take into account that sometimes the economy is in a situation where in terms of economic rates , it has good conditions, it has optimal conditions that are very

so there's plenty of opportunities for smaller banks to bank them. the key is be safe. if people want safety with their money. and then they can deliver those services in a way that-- those opportunities, again, the good news here is, i think a lot of the larger banks, they want to partner, they want to help some of the ndi's, cdfi's and others, complete that value chain across the diverse parts of the economy and cra partners that and other initiatives, but that's part of the solution. >> i mean, to that point. i mean, if you had your magic wand here, you know, not just comptroller of the currency, but, you know, wizard, is there anything you'd like to see from the private sector when it comes to -- you're sort of already getting there in terms of technical assistance. is that really -- is that the note point as private sector action? is there anything else that you find really important there? >> so there's-- for me, there's a whole set of tactical things, that's part of it. the technical assistance, it sounds foreign, it is huge. we've had examples where a large barg

you got arrangements where vendors are relying on banks and relying on banks not just for their bankingneeds but for providing banking services to hold a set of customers to other parts of the economy. there's a way to do this work and be safe and sound and fair. and requires some attention and you can't just wing it. in colloquial terms we seen some instances there's been a little bit less tension on in the guidance we acknowledge that we have a lot of comments on this. we acknowledge that and we make sure we say small banks, you can rely on group efforts, joint efforts, certification, how do you get comfortable with the vendor? you don't each have to do your due diligence over and over again. for the listeners or anyone saying, how can i help this is one way to help. >> that's really interesting. we talked before many times about how exactly do you address real risk and encourage competition and how do you enable all these different pieces of the financial system to be able to service their respective communities. ethic is a really interesting approach where you understand that there

but regional banks and smaller banks.w, more than 50% of lending in this country comes out of the regional and small banks and our goal is to make sure the mdi's and cdfi's play an increasing role there and while many of you might have noticed just a week ago a number of large banks in this country and other big institutions both financial but also nonfinancial firms decided they are going to take deposits or excess money and place those in mdi's and cdfi's. while they started with $1 billion, they express this amount to grow over time as a sign of confidence both in the banking system but particularly in mdi's and cdfi's and not only confidence in the institutions but demonstrating their respect for the important role they play in making sure the communities of color, rural communities, people who are living in parts of the country that have not been served have access to the credit that they need. my view is that the banking system remains resilient and i'm particularly impressed by the resilience of mdi's and cdfi's gi

bank themselves. so what do you make of this, and how is that going to go when they're getting rid of all the bit coined onboarding rooms? a big part of it also that you didn't include the equation is black rocking and fell in it. and i'm drawing a blank on the company's name. i'm not sure it's a, it's a big financial institution. it's just recently started offering crypto currency services. um, it'll come to me in just a moment, but we have a big we have, there's people within the financial system that also recognize bitcoin, what big wind has to offer. so i think it's a combination of things that people are looking at different ways of preserving their wealth or assets, because the way that the fee system is designed, people are losing purchasing power. so in order not for lose purchasing power, people diversify, and they figure out different ways they can hedge against a dollar. and bit coined is definitely one of those things. i mean that's what it was created for was to be a hedge against the dol

at the time signature bank and silicon valley bank were the 16th and 29th largest banks in the country respectively. their failures could have posed a $25 billion cost on the insurance fund. while not part of our work, first republic's recent failure could have posed another $13 billion cost on the fund. i will focus on one bank's specific factors that contributed to the fail yurks and two, supervise yory actions regulators took leading up to the failures. first, the bank failure. we found that risky business strategies and weak liquidity contributed to the failures at s.v.b. and signature banks. s.v.b. and signature both exceeded rapid growth, exceeding that of pure banks. s.v.b.'s assets more than tripled in the three years prior toits failure. s.v.b. and signature also relied heavily on uninsured deposits. signature funded 82% of its assets with uninsured deposits. s.v.b. and signature also exhibited weak liquidity and risk management controls. when confronted with external pressures, rising interest rates for s.v.b. and weakening digital asset markets for signature, the risky busin

toman means about 777 million per bank employee toman, a good report of a bank, post bank, the highest number above that number can be non-damaged, and post bank for its own employees, depending on the ratio of the number of employees and the loan amount that you gave, 2739 employees of the national facility department, 2813 to its employees, average to each of its employees 1 billion and 27 million tomans 1 billion and 29 million for every employee of bank post bank amede facility with an interest of 18%, if we use 3% method, i believe it is accurate to recharge some of these facilities in previous years, such as the number of staff facilities, the number of long-term facilities, effects three years, four years, under 20 years, which is not consistent from the past until now, and the production number can be much higher, while the banks are in a law that has been in the ground for 15 years. kurds have passed the law on the development and support of marine industries. now, with the meeting of the supreme council of marine industries, after six years of law enforcement , it has been pu

you've got arrangements where vendors are relying on banks and relying on banks not just for their banking needs but providing banking services to other parts of the economy so these relationships get more complicated. part of what we are trying to put out is a way to do this where it can be safe and sound and fair and that is what we want but it requires attention and you can't just glance. that is in colloquial terms we see some instances where there is just a little less attention on the due diligence, who is responsible, trying to nail that down. for smaller banks it is hard. you make a good point. the need is greater for smaller banks. in the guidance we acknowledge that. we acknowledge that. we make sure we say small banks. you can rely on group efforts, joint efforts, certification. ..cat. how do you get comfortable with a vendor? you don't each have to do your own due diligence, over and over and over again. if there are other mechanisms, we're open to that. we build that in explicitly and that goes out and so for your listeners, for anyone saying, hey, how can i help? this is one

to bank it increase. second question in terms of policies that could potentially stem the tide, when it comes to deposit one thing that is worthy of consideration is the feds reverse legal facility. right now money market funds and certain other counterparties can place substantial amounts at reverse repo facility and earned a very high interest rate. almost as high as with the fed pays bank reserves but they have much different cost structure so it's much easier for them to pass the rate along. that have served at the magnet to pull funds out of banks they have a difficult balancing act to balance the monetary objectives. it does seem like there might be small tweaks that could be made to try to make that a little less of an attractive competitor. one other thing i will say on the liquidity side banks have done a lot to try to shore up their defenses by updating their contingency funding plans building up cash positions, things like that. i think those types of things are very helpful and on the governme

were on bank regulation.olicy. but there more -- were not many don't you think joe biden is the worst kind of questions from the republicans and don't you think republicans are terrible for the economy from the democrats. you usually get that and we didn't. i'm not sure we will see a lot of change today. probably a lot of news made was made yesterday. the message was we are not done. we are going to raise rates and the market took it as no change from what we went into this with. lisa: before we let you go, i am curious to put this all together, we have heard that there is a hawkish field. people say the u.s. is different, inflation is not a sticky as it is in europe and it will not surprise to the upside, you are seeing a deterioration and it can be a soft landing. is the data backing that up? are we seeing the unemployment picking higher with an ease that can lower inflation without having to cause significant recession? michael: you are seeing 50-50, we saw a tremendous jump in housing starts this week. an

community banks? >> i really think that the things we are looking at are not about community banks. they are about the very largest banks and to some extent, banks in the silicon valley range is sort of 150 million, 200 million. far larger than the community bank. those are not the focus of the regular tory reforms. >> i will also hope that that be true because as i said in my district we have a lot of community and regional banks that would suffer with increased regulation and capital requirements. with that, i have very little time, so i will yield back to the chair. thank you. >> the gently 8 -- ventilator yields back. i know recognize mr. sherman for five minutes. >> i want to comment on a success story. several years ago, there were $16 trillion of instruments where the amount the debtor was supposed to pay the creditor was to be determined i the london interbank rate and as of june of this year, that rate will no longer be published. something happened unusual here in washington. a year and a ha

banking?s been shrinking quite significantly over the past, you know, 10 to 12 years. chair powell: very much so. it's a focus for us. we understand the importance of community banks that they provide a different service and an important service to smaller businesses and communities. community banks have been consolidating for 30 years now. so it's really a secular trend as people have moved to bigger cities and things like that. but we don't want to do anything to move that along. we think that the world is not a better place with fewer community banks and we try to keep that in mind in all of the regulatory and supervisory things that we do. mr. donalds: do you think that federal regulatory policy in part from congress has led to a supercharging effect of diminished community banking in the united states? chair powell: it's probably been a factor but i do think there have been important demographic factors as well. and also having interstate banking, interstate banking only became legal, qui

bank, taiwan is a member of the asian development bank. african development bank ebrd the european bank for reconstruction and development to focus mainly on countries that used to be behind the iron curtain. the macy's is been instrumental in remains one of the largest shareholders of every offer mentioned. since the founding of these institutions u.s. is use shareholding power to shape the policies and activities in indirect support of american foreign policy. denies its executive and congressional branches share control responsibility for the nice states policy toward. there's been some talk about potential capitol increases% regional development banks. capitol increases when increases the amount they can lend their increase in the bank's capitol through one-time additional contributions from the u.s. and other shareholders for congress has a voice in the boat and capitol increases. idb may need capitol increases. i am in favor of that under certain circumstances in the case of the edr d, should only consider capitol increase if the ebr

in view of the banks, there is a report on the banking sector, there is a survey on systemic risks,egular products, this is a business survey of enterprises. that is, you need to go to the site you should look for the national bank there, and in fact, every ukrainian is there. even those who consider themselves financially literate can find quite a lot of useful information for themselves and answers to the question of whether it is worth taking money to banks or safely depositing money in banks. whether or not it is worth dealing with banks there they are, well, a little bit not directly, a little bit indirectly, yes, it is possible, but these reports are sewn up and , first of all, it is really a report on financial stability. so, as far as risks are concerned, i would just like to add to what pervin said , one possible important point is the following the risk is not the stability of the banking system now because our banking system is now in such a state that it should not be in it a little due to these military actions due to the actions of the central bank due to all the insta

and, a silicon valley bank, and signature bank, those in charge push their banks to grow too big too fast. they make risky bets, they got massive profits, executives were paying themselves bonuses right up until the moment that at least one of these banks crashed. to most americans, that is not surprising. people have gotten all too used to big bankers treating the industry more like a game, or maybe more precisely, endless atm for themselves, securing the knowledge that they won't pay any real price if things go wrong. mr. powell, mr. chairman, senators got 19 back with a 21 to 2 vote yesterday, those days for bank executives are over. chair powell, i look forward to hearing today how the federal protect american workers in the fight against inflation and promote an economy with a strong growing middle class. sarah scott? >> thank, you chairman. tara powell, thank you for joining us today. such an important time. your last appearance before this committee was about four months ago, just days before the collapse of two banks, and what we continue to investigate those bank failures, i

community banking? it has been shrinking quite significantly over the past 10 to 12 years. >> very much so. it's a focus for us. we understand the importance of community banks that they provide a different service and really important service to smaller businesses and communities, and community banks have been consolidating for 30 years. it's a secular trend as people move to bigger cities and everything, but we don't want to do anything to move that long. we think the world is not a better place with fewer community banks and try to keep that in mind in all of the regulatory and supervisory things that we do. >> do you think that federal regulatory policy apart from congress has led to a diminished effect of community banking in the united states? >> it's probably been a factor, but i think there have been important demographic factors as well and also, having interstate banking. interstate banking only became legal quite recently and that also has led to consolidation. you can look back, though, agai

bank. he was telling me he does not see an end to the macro uncertainty and he was right. out with a 50 basis point hike. the s&p 25, which sounds hawkish. another critical piece of the puzzle picks up a little bit. would you move if you had locked in a good rate? that is the question. the home sales market in the states is broken. alix: i will not move unless there's a strong circumstance, but i also think the interesting part is the homebuilders, for example, because that is where you will get the real action, that index is doing well. the homebuilders, semis and cyclicals, like big banks, are picking up. maybe those areas have had the soft landing and are recovering. it's a different narrative than it's just five stocks in tech leading the way. guy: the housing stocks got dinged up bad. they have come back. look at what's happening in the existing versus the new build market. the house builders are benefiting because nobody is moving in the existing market. if you want a new home, you ha

those 3 banks. the one thing that they all have in common is they were all crypto friendly and they were the most friendly bank. so it was a, it was obviously a very direct attack on crypto currency. and we are seeing that coming from the united states government, especially under the, by the new ministration from the fcc. all the way to the photo was, or to your head of your chair. had miss miss janet, you know, and they are all right now, conspiring to try to make crypto and accessible to the general public so they can assure, and they're big brother surveillance client, they're calling central bank digital currency. are these banks truly too big to fail? because they're not as big as jp morgan chase or city bank. so why were they not allowed to fail? and what would the run medications have been with the saying is too big to fail bags, but it's not too big to fail, is too big to allow to fail. so what the federal reserve and the treasury is come out already saying as far as their back stops, is, i

he does it all the same in banks in banking applications.s, this is just the topic, but how banking applications and the banking system continue to actually protect. it's true. you know, there will never be a situation that we will reach the ideal level that there are smart guys. hackers are our smart guys, who oppose it, but really the question here is, who is faster, who is better, and who can actually strategically foresee? here are some stories i have to say that despite the increase let's say. so losses, that's about fraudulent schemes in absolute numbers in terms of the share , it's just here to wear on the numbers, this share began to decrease. and this trend pleases us, but we understand that there is still a lot of work to be done, and in fact, we are banks here, and we copy very, very well. we have an understanding of what to do next when, this has been touched upon. i just i understand that the happy owners of bank account applications and so on will be more protected at the initiative of the central bank, which will force banks t

bank's private sector. i am supportive of both because i think it would be part of a new initiative to work in the caribbean, to work in latin america. we ought to have a cap, but if that is a political dealing to congress has a seat at the table, we should demand that the taiwan get the chance to buy shares in the inter-american development bank just as they do in the asian development bank. in the case, congresswoman, what happens in ukraine is not going to stay in ukraine. china is watching what is happening so we should hope that ukraine delivers a historic victory against the russians and against the illegal invasion but when the reconstruction begins we need a lot of people to carry the burden and they ought to step up and carry a significant burden. one of the conditions i would make is to say we would like taiwan to be a significant burden jerger in the reconstruction and one way to do that is to get them to buy into shares so thank you, for that important question. >> let me open the next question

why is the central bank now ? we did and explain to you that now we have internet taxis, they are actually applied , and it is possible for people to do this, and be sure that in this cycle, what is the smart system for refueling the worn out and depreciated fleet from the years of its life. the year 1400 was renewed, what happened to him and herat? in this situation, the personnel and the fuel station itself are the most affected , and they should be held accountable, and in fact, i will tolerate the same process . we should have plans for the third station, which is fully prepared, but now i understand that there is an internet taxi, this is the subsidy. that they take your bank card for their navigation. well, my colleagues at sed and sima news agency energy, let's see the financial report together, we will be at your service. more than 13 years have passed since the first news about an experimental plan to connect bank cards to smart cards was published. fuel in the presence of the then first vice president in

that's exactly what we did in march when we addressed silicon valley bank and also, signature bank. an important thing that both of you know, that i think it's important that the american people realize is that we have more than 4,000 banks in this country. and we believe deeply that we need a diverse eco system that includes big banks, small banks, and mdi, cdfi's because they serve parts of our economy well and we think that traditionally when you look at the communities of color and rural communities they have not been served as well by big and regional sized banks and that's why the eye could he system need to be supported and put in a position to continue to provide credit to those communities. >> so, you know, over the course of our conversation today, again, we've had, with other regulators and other kind of panelist, leaders and ceo's of mdi's, you know, we've heard different kind of stories. we've heard on one hand, really strong banks and mdi's were doing well and we've heard about deposits overall in the system continuing to shrink and still have a layover if exhibit with

they reflect a bank crisis discount, a bank inflation discount, and a bank regulatory change discount. you're not getting all three, at least not for the largest banks. the idea of the bank crisis and more big bank failures i think is a thing of the past. now with oar talking on a normalized basis, banks trading at less than half of the market p/e, a tech stock with a $3 trillion market cap today, apple on your show, meanwhile jpmorgan, best in class bank struggles with a $4 million market cap the largest tech company would be worth over seven times more than the next biggest bank i think the stock market as a whole will come back to the level of the banks or the banks back to the level of the market. >> mike mayo >>> up next, we're tracking the biggest movers as we head into the close. kristina partsinevelos is here as always with that. kristina >> air taxis and commercial space flights. >>> about 15 minutes away from the closing bell kristina partsinevelos has a look at the stocks she's watching at this moment. >> start with joby aviation, soaring. the stock is soaring 42% after it

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, weaker banks? the contagion affected how many people have investments, people's like the retirement people's, different uh, wall street investments. i mean, they're tied into a lot of people's lives. so i understand why they're trying to keep these things float and keep them active. but the one thing that we've got to take in consideration is prior to the 2020, there was a 10 percent reserve requirement that the banks were required to have one hand at all times, which meant they had to have 10 percent of their funds at one hand since 2020, that reserve requirement has been taken away. banks aren't required to have any reserve requirement at all anymore. so i've even told people now with the way banking is we really need to look at banking as how we would look at it as an investment. don't deposit more than you're willing to lose. because the other thing i would have mentioned with the difference between 2008 and where we are today is bail ends versus bailouts. because we had bailouts taken place th

smaller banks. more than 50% of lending in this country comes out of the regional and small ban. and our goal is to make sure that c cdfis and mdis play an increasing role there. while many may not have noticed just a week ago, number of large banks in this country and and other big institutions both financial but also nonfinancial firms decided they're going to ta deposits for excessoney and place those this in c or dfis. while they started with a billion dollars, they expect in this amount to grow over time. as a sign of confidence both in the nking system, but particularly in mdis and cdfi. and not oy confidence in these institutions, but demonstrating their respect for the important ro they play in making sure the communities of color, rural communities, people who are living in parts o the country that haveot been served have access to the credit that they need so my view is tha the banking system remains resilient, and i'm particularly impress by the resience of mdis and ckfis given the headwd

system, the national bank observes the banking sector banks adhere to the principles of financial monitoring and there is nothing significant, even this is not for individuals , yes, for legal entities, to inform in this way if there are certain e-e. nothing changes for them at the moment ah, but is it still possible that the business will try to go into cash, go into cash and show less movement of funds due to such an action of the nbu very briefly this is not due to the action of the nbu in it is very important to me that our cut-outs from the russian federation have a cashless economy in ukraine , i.e. non-cash payments and everything is returned in cash, let’s not say that these processes are less controlled. in the destabilization of the stable banking system for individuals, users of banking and banking services. nothing changes, people work as they used to. most of all, i want to pay attention to this thesis. we use it, i will try to be able to say it on the air, those citizens who make legal payments use their cards so that i don't know if the husband transferred uah 1000 to his wife

just one minute ago, we got a fresh decision from the norwegian central bank, norges bank, which hiked 50% basis point hike the decision was widely contested. the forecast was split on a 25 basis point or a half-point move what we are seeing from central banks in the last couple weeks, thing are turning hawkish. concerns of inflation pressures mounting again it looks like investors are becoming increasingly concerned about higher for longer rate outlook. not in one jurisdiction, but those in the western world let's see what is happening across the regions this morning. uk in focus. we will get to that after we get through markets. ftse 100 is down 1.15% heavy selling in the italian market ftse mib down 1% and germany is down 1% no market is immune to the selling we're seeing this morning. from a sector perspective, interestingly, the heaviest selling in the banks banking sector in europe down 2.2% heavy losses in the banks. despite the fact we are looking at higher for longer in terms of rates around the world which is usually a boom for the banking sector there are concerns auto he se

further bank consolidation into a far the number very large banks. my question is, is a scenario where further guidance where congress may be useful? for example by providing some well-defined wiggle room of least cross resolution, or are there more effective levers we may operate to prevent further bank of solid asian? >> in general the largest banks are not allowed to seek mergers to get bigger. there is a broad based recognition that having a diversity of banking organizations, community banks, regional banks -- >> this occurs at all levels of banks size. >> very often it's possible in failing banks situations to resolve an institution without merging it into the largest banks. >> -- i'm wondering if there's a useful way to tilt the playing field? the american preferences, but not mandates we put in federally. >> it's something we could look at. >> if you have time for a thoughtful response on the record for the site appreciate it. >> we'll do. >> in regards to the debt limit there's been uncertainty as to how the exact language -- applies to the

top 20 banks.att: great to get your insight. appreciate you joining us today. head of u.s. bank equity strategy garard cassidy. thank you very much to katie greifeld, process at reporter for bloomberg news for joining us. that bloomberg invest, golfer michelle wi is setting our jason kelly and mark patrick off. wi says she was shocked by the pga merger news this week. she added it was wrong to leave out the players. you can watch this on live go. let's listen in for a bit. >> they made about $65 million. rob made $1 million. that was not really right. it is not about ethics. it's about trying to provide people like michelle or rob the resources and the access. ♪ jon: this is "bloomberg markets ." time for the stock of the hour. we are watching carvana. shares of the retailer getting a lift next to a well received financial forecast. that does not mean the company is selling more cars. they are selling more of the loans generated for customers. doing that can boost profit per vehicle sold, at least

and safety and soundness, people associate that with bank regulation and bank regulators. fairness, i don't think that's the right approach. i think that fairness needs to be just as much of a priority as safety because those of those go to trust and banking is all about trust. you don't trust someone who is a fair weather fan on these kinds of things. i think that part of what i really appreciate about it, about what you do is making these things visible, keeping them in people's mind. it's good accountability. it's good reminders, and i think we just have to keep that up as long as and as much as possible. we don't have to think about it, it's just something that we do. >> mike, thank you, so, so, so much. i like juneteenth and a series of events because they allow us to have the kinds of conversations that we should be having anywhere and you're someone always there for the coverings, i appreciate it. it's just been a great conversation with obviously, so many more issues to tackle. but thank you, mr. acting comptroller for joining us. we are now back for another one-on

as other banks? are you going to charge yourself the same fees the private industry and abide by the same rules as a private industry? >> i do not know the answer to that. i will say i would not advocate -- indy payment space, there are many instances of a government operated payment system operating side-by-side with the private sector. it is not something i would advocate broadly for in the economy. you think about fed wire, there are private and public sector payment utilities operating next to each other in the united states and around the world. >> i yield back. >> the gentleman from california is recognized for five minutes. >> thank you, i appreciate the opportunity and want to think the ranking member. i have always had great confidence in you, i told you that personally. now they are a debt head, i am not quite sure. [laughter] anyway, thank you very much for being here, i appreciate the service you have done for our nation. one of my colleagues was talking about the difference in inflation

and so , in principle, there are no particularly large banks in banks, there is no such need to have dollar in them, and they are already quite large the amounts are on miscalculations in foreign banks, so-called accounts on the islands, they can, in principle , return them at any time, plus well , there is one more thing of the regulatory requirement that the bank must balance the currency position, this affects their standards. but now the national bank is punishing for violation of bank regulations - this is not a problem for the largest banks, they are here , the difference in principle is placed on their capital , they live with it without problems well, indeed , the average deposit, i looked, i will not advertise special sites, but there are sites that aggregate data from many banks and offer to see what the rates are. if you have $5,000 in your hands, and you want to take it to an e- deposit for a period of one year, you will be offered an average of one and one percent per annum, this is the average of 20 e-banks it's not only for large and including small banks, well, it is

sense bank has arrived.sanctions. well, there is a potential buyer for this bank again, and theoretically, this should somehow slow down the process of nationalization of the bank, which has been unfolding for quite a long time through the verkhovna rada, amendments to the laws are adopted after all, nothing will save him and alpha alpha will be nationalized. well, i see that someone wants to save, and that's why there are these movements. and as for whether it will save, i don't know because , as far as i understand, the very essence of the sanctions makes such sales and purchase agreements impossible banks, when one is a collector under sanctions, i could be wrong here, but i am quite skeptical about this submission , so it seems to me that after all, even if there is actually some kind of flight, if there is a political will not to nationalize the bank, then it will not be nationalized. we understand, but even here now it rests exclusively on political will , this process has been unfolding for quite a lo

well, since we mentioned the national bank, there is one more piece of news from the central bank thatcomplete package of documents for the acquisition of a significant stake in the capital of sensbank, sensbank is reminded of the former alpha bank, which is a subsidiary. well, again, there is a potential buyer for this bank, and theoretically, this should somehow slow down the process of nationalization of the bank, which has been unfolding for quite a long time through the verkhovna rada, is accepted amendments to the laws, eh? after all, nothing will save him and alpha alpha will be nationalized. well, i see that you want to save someone, eh , that's why there are these movements. makes such agreements, purchase and sale agreements of banks impossible, when one is a collector under sanctions, i may be wrong here, but i am quite skeptical about this submission, so it seems to me that, after all, if there is any flight, if there is a political will not to nationalize the bank then it will not be nationalized, we understand that, and now it rests exclusively on political will , this pr

a lot. 6 banks also injected $30000000.00 into 1st republic bank in order to save it. and outside of the us, credit suisse also went to put do 2 years of mismanagement, and significant breakdowns and investments. so now let's bring in chris rice, host of rice tv. so chris, how are the bank failures this time around different from the bank failure, as we saw in 2008. okay, that's a great question. thanks again for having me back on the program. the difference this time would really be what happened in 2007 in 2008 was actually the death of the system. unfortunately, at the time what they did to keep everything going was to put everything on life support. and the banking institutions were basically zombies, what we had seen since the 2008 crash was early 2020, if you, if anybody's listing recalls to march of 2020, the markets got hit it really big, especially because we had this black swan event that we ended up having to consider locking down when we had the pandemic and stuff that took place of that time period in march of 2020. they actually held that the stock market

within the revenue construct some specificities as to how banks generate means some banks will face lesseadwinds than others. don't forget there is a lot of -- the revenue picture may well be ok. if you go further down the p&l you have operating costs. if we start to see lower rates you would assume less pressure in terms of late cycle credit exposure. and the final point to think about is as we start to see rates lower and banks already generating a lot of capital on top of healthy capital buffers we would expect those banks to be able to pay dividends and reduce their share count through share repurchases. dani: you know better than i that the banking sector is not a monolith. are there any region's where you are particularly worried? i'm thinking about the nordics given how real estate looks at the moment. chris: there are two elements. commercial real estate. look at commercial real estate exposure it is pretty minimum. compare that to some of the u.s. banks where it is closer to 30% for some of the smaller institutions. a different picture in europe. exposure is larger for the nordi

to what extent can the bank of england influence prices that's not up to the bank of england. what needs to be done is the government needs to put pressure on retailers to start limiting the price increases. fine, you can deal with that but then core inflation, which is the number that you get if your strip out all of those volatile components is still sitting at an extremely high level, and unfortunately that's why they're getting so much criticism. so they are in a very, very tricky spot. arabile, thank you for joining me this morning to break down this very interesting set of uk data. >>> on a programming note door not miss decision time tomorrow. it's going to be a big one i'm going to be bringing you that all-important bank of england decision at 12:00 p.m. local another big central big central bank day tomorrow. >>> let's turn to the big boards the hand of the u.s. markets and asian markets are quite sour the hang seng down about 2% yet again, this after investors continue to digest the smaller than expected rate cob the day before, that sfrigt the property stocks so the

valley bank. so myou question is this, to wht extent did they clap for silicon valley and continuing concerns about stability in the banking area impact the decisions going forward with respect interest rates, how to set vectoring? >> pretty substantial research to a sector of the banking industry you will feed lower lending. it does not appear immediately. we have been saying we've been waiting please apart and my thinking tightening in the pipeline that otherwise there would have been. val points in same direction we would very, d very quickly 75 -- 50 to 20 at every meeting. no skin very close to where we think our destination is. make common sense to move in a careful pace. who do not want to do more than we have to move we do think overwhelmingly people on the committee do think there are more rate hikes coming. we want to make them at a pace that allows assisted information speak for good decisions. >> thank you thank you. senator vance is recognized in ohio. >> thank you mr. chair thank you