we are now near the deposit guarantee fund, where the signing of the memorandum on cooperation between the ministry of digital transformation and the deposit guarantee fund was indeed held today , and this means news about what is in effect a new service will soon appear, namely the reimbursement of deposits from bankrupt banks, today there are one and four million such accounts of ukrainians worth uah 3.2 billion in 34 bankrupt banks bank, as for certain journalists today, it will happen very simply in a few clicks in the actions. if you have an action and you are registered there, then you will be able to very quickly issue an application and get in line for a refund of the deposit . how will it happen? let's get started . funds to reimburse your funds that you previously invested in a few clicks, you essentially choose the bank in which you saved the funds and choose an electronic virtual card that is in effect within the framework of our previous project, the support of 200 thousand hryvnias was guaranteed the amount before the start of a full-scale war, two months after february,

the founders, if this bank is liquidated, did not have the right to compensation from the deposit guarantee fund, and here it was written that we should simply wait for the end of the war, then wait for russian reparations and at the expense of this, ukrainians should cover the losses in the liquidated pro-russian banks in ukraine, what was our struggle and what result did we achieve compromise, and this law corrected this provision, and now when a bank with russian founders will be liquidated, then ukrainian citizens who had deposits or accounts or pledges there will not lose their property, not their money, but the deposit guarantee fund will compensate them for all losses, just as for other situations related to the withdrawal of e-banks in ukraine from the market, that is, we were listened to, all things considered, and that is why our team calls for a vote for this law because, well, in essence , the founders who represent the aggressor country should be removed from the ukrainian market and the ukrainian banking system, this should have been done 1.5 years ago. thank you, people, please, 3

of the crooked banks will be available online, the relevant memorandum was signed with the deposit guarantee fund , the minister of digital transformation, mykhailo, announced this fedorov will be able to submit an application in the application, the action will take place in a few clicks without going to the finals. fedorov also noted that today more than three billion hryvnias must be reimbursed , which is almost 1.5 million accounts were profited from grain. examinations to induce grain exporters to take bribes from now on scammers received money under the supervision of payment for non-existent services , the prosecutor general's office said, investigators reported about suspicion of six persons involved in the case, four of them were given a preventive measure, the economic security bureau exposed an underground alcohol production shop in kyiv region, investigators seized more than 4,000 liters of alcohol and alcohol-containing substances, as well as plastic containers and production equipment. it is known that the suspects manufactured counterfeit products in a private house instead sold to

bankrupt banks it will be possible online, a corresponding memorandum was signed with the deposit guarantee fund. this was announced by the minister of digital transformation, mykhailo fedorov. it will be possible to submit an application in the application in a few clicks without going to a financial institution. fedorov also noted that more than three billion hryvnias need to be reimbursed today, which is almost 1. 5 million accounts , that was the news at this time, we will see you at 18:00, and then the broadcast will continue my colleagues antin borkovskyi and oksana vysochanska 17:10 on the clock continues information day on the espresso tv channel and i. i remind you that we, together with the public organization base ua, are holding a fundraiser for our defenders. you all probably know our colleague, the host and military leader vitaly bakumenka . he is protecting our country at the front and his unit needs a car. we deliberately do not provide details or where he serves and the location of him and his comrades so as not to do enemy service. we are also collecting military personnel from

really critical about all of that is the funding banks have always been an advantage over nonbanks, i think what is important one, we have to adjust the deposit guarantee000 per account or individual in account to much bigger number inflation adjusted very least certainly transactional accounts, are should be guaranteed, really critical, to make payroll not worry about it really important the funding of those banks have, behave they -- for fdic get assessed pay for it large banks hit with much larger special assessment to pay for the failures, butlet not forget those three companies that failed much bigger institutions all over 100 billion dollars in size we've not seen small institution fail we've seen good statement ib stability in deposit says lending facility it is advantageous allowed to borrow against securities below water able to get better rates you are seeing people use us this not a sign of distress a sign of management a funding vehicle best funding vehicle of all deposits it is important we ensure the proper way important people understand iffedi is funded by banking industry,. >> great point glad you made it with kevin o'leary last time y

warned the public not assume the action create guarantee of deposits, it's hard, frankly, to think otherwise. ultimately whatever losses to the insurance fund will be passed down to hardworking americans. frankly, any loss in confidence in our banking system is a loss in confidence of our regulators. regulators had the tools at their disposal to prevent bank failures from happening and they missed it. period. and instead of concentrating on the basic, the things that they didn't get right, some of my friends on the other side of the aisle want to give our regulators even more complicated rules. the g.a.o.'s report provides no evidence they failure of s.p.b. or signature bank were the result of relaxed regulations. i believe it necessary to reiterate how important it is that this committee receives the information that has been requested and the information we will be requesting moving forward. the american people deserve answers. we should not allow history to be rewritten and i welcome the fdic and the federal reserve to appear at future subcommittee hearings to further answer our questions. i'm committed to making sure this subcommittee d

guarantee on ensure deposits. the fed reserve also announced a new lending program for all banks that need to borrow money to pay for withdrawals. the fed also said the banks borrowed about $300000000000.00 in emergency funding, with nearly half of that amount going to holding up companies for the to failed banks to pay depositors. the fed did not say how many other banks piled money and added that it expects the loans to be repaid. meanwhile, biden has insisted that no tax pair of money will be used to resolve the crisis. and the white house is very desperate to avoid any perception that the average americans are quote, unquote, failing out of the banks like what happens during the 2008 financial crisis. instead, the money will come from the f b, i see with the funds coming from the quarterly premiums, that the insured banks pay to the agency. the f b, i see estimated that the costs of s b, b 's failure would be about $20000000000.00. but even if tax payers aren't directly on the hook, the banks customers still stand to benefit from the government support saying that the tax payer won't pay anything, ignores the fact that providing insurance to someone who didn't pay for insurance is actually a gift. and on

funds plus 70 basis points for deposits, not a healthy backdrop. part of the reason they can do that is you have a quasi-government guaranteed right now bank deposits. >> in addition to agency mortgage bonds, what other kinds of trains -- trades for investment seem attractive with that is the backdrop? dawn: you are seeing a credit contraction. the recent loan data does not actually surprise a bit better to the upside, but this contraction is invariably coming. banks will be loan-less. in the levered loan space, 70% of them have been bought recently by coo's. coo issuance now is at 2020 levels. typically, coo's have a reset. they can extend duration, but this is an unintended consequence of higher rates. with higher rates, those resets do not make economic sense. you are 40% of existing clo's ending their reinvestment periods by the end of this year. you will have less credit available. there are a lot of people who think private -- private credit has grown exponentially. they will fill in the gap. that is not going to prove to be quite accurate. they can do more than they could have 10 years ago, but it is too big a gap to fill in. in private cred