consent of three parties is required, if the least is the player, it is the buyer, it is the national bank . well, of course, the floor committee, if there is the consent of other parties, then just a trustee on behalf of the bank's shareholders will vote yes how uh well it will be right for the bank it will be useful for the bank because this person acts in the interests of the shareholders this person acts in the interests of the bank in particular if it will be more profitable for the bank to sold, if it is true, the information will be confirmed and an investor will be found and he will have the money to buy it, then i personally do not see any problems with the future sale of the bank due to this deprivation of the right to vote, as if it will take place there , mykhailo, is there anything to add to this what yevhen said. and i also read what seems to be the first time that the bank made sense. the sanctions of the national bank were also applied , which relate to the treatment of the bank's clients, in fact, those who took out loans before . i don't know how to legally and but such comments

things that will give the opportunity to influence it accordingly, so far the government and the national bank wellderstand, the government has the first priority and steps to influence this problem, clearly this problem is significant, not as significant as the gambling business, but still it is significant because the funds are transferred outside the country, so the government should play an active role in this situation . the companies involved in this should not participate in the transportation of grain abroad . i think it is very important to be honest when we talk in the first part of our program about the fact that our partners will support us, and then we are forced to talk about the fact that, unfortunately, there are certain unscrupulous tendencies within the country, we will talk, well , it is also important to outline, you remarked about the gambling business, some crazy numbers are now called experts by the temporary investigative commission, in particular, billions of hryvnias, this is crazy, that is, billions of hryvnias, and here the situation is as i see it, the following is the

time will pass and people from the chairman of the national bank well, what's good with the currency and so on, i'm already starting to worry about what our belarusians don't have, why refuse the dollar, take it. you ran away to the exchange offices to change the national currency, there is the russian ruble for dollars for euros and run, change today the people of europe will be drawn into this reckless arms race, immersed in economic stagnation, moral depression, they are being drawn into a conflict with russia, a confrontation with china, and look even move afraid. do you think they wanted to supply leopards there, especially the germans , the germans were forced to produce even more of them and supply them there. wanted not, but in general they are being taken there. there, and for the regional committees in washington, they said and were taken to discipline. what is the result of this confrontation, in fact, the loss of not only the belarusian market, but also a small russian market for european goods in the absence of access to inexpensive and stable russian raw materials, the

national bank is hoping for with our banks . swiss banks, in particular, with the big swiss banks, credit suisse . it has to merge with another bank, what is going on ? wellwe live in a very unusual time, and the changes that we have had to see in our lives are simply tectonic , they are also in geopolitics some things that we could never imagine in the world in our lives, the same in the economy. life, swiss banks were er synonymous with maximum confidence, reliability er and now that we see it. the second largest bank in switzerland, which has over a century of history there, it is essentially ceasing its existence. there were a large number of problems in this bank and er scandals. -e not unsuccessful in the case of unsuccessful speculation deals with shares with one of the funds a few years ago, which lost huge sums on unsuccessful stocks , this all accumulated and led to a situation when funds began to be withdrawn from the bank, the bank faced large outflows of deposits at the end of last year, and this is what happened the mini-crisis that was observed in the usa with the bank of the silicon valley, it became so surely the straw that broke the came

i know that the national bank of ukraine has developed a bill that will help nationalize it, why couldn't this be done earlier? wellact, another bill has even already been adopted. last year, which many people said was aimed at the nationalization of the bank, i will say a possibly unpopular opinion, alpha bank itself is a good bank that has bad shareholders , which is actually a problem that needs to be solved, and this mechanism that was voted for nationalization, he predicted a situation when in the bank will run out of money. that is, the depositors will take money from it at some point, it simply will not be able to continue functioning and the state should take over the management of the bank and continue it, and in principle somewhere like this, somewhere like this was the situation after the start of a full-scale invasion, the bank began to lose depositors' funds, they took them away, and from everyone until all these conversations about nationalization began somewhere around october and the behavior of depositors changed in principle, what is the risk of keeping money in the bank, which is without five min

here, or a context related to the bank's shareholders, or simply the national bank is exercising its rights to protect bank customers, wellin fact, a fine was applied to the bank precisely for unethical behavior, according to what people say is the extortion of funds from debtors, and it is worth saying here that this is not the only case there. not so long ago, two financial companies were completely removed from the market for unethical behavior. it is difficult to say how aggressive they were, but the regulator dared such a desperate club . as for the meaning of the bank. the public sphere, where there were communications from the shareholders and their proxies that the bank was about to be sold to a private shareholder, even his name was leaked to the media , who, it seems to me, still does not deal with banks, but allegedly showed interest, the national bank came out with communications that the documents no one did not file, and well, we see that the conflict is over, whether it is nationalization or not, it is unknown, there is a lot of talk about this , and evidence that the situation is moving, but as yevhen said

banks, well, tell me nine i can name one of these banks. i think that this information has already become public when the national bank applied a fine of uah million - this is the state bank ukrgasbank . sanctions will also be applied to other banks, one way or another, maybe not. only fines, well, nine banks accepted, again, not all of them have a lot of participation, maybe not all of them even at the management level, but again, the scheme is big enough, we are still monitoring it, a huge number of financial companies, i will tell you honestly, i am there when i came to the parliament, the first bill he proposed to me was to close the playgrounds, there is a center, er, i never thought that, as part of the investigation, i would find something bigger and more disgusting than these playgrounds. well, as it turned out , a lot of this happened, and unfortunately, it happened during the war mr. yaroslav, the fact that the national center for operational-technical management of tele-comm networks has blocked these illegal websites means that we should not have accessed them now, we would not have been able to access them well, yes , this mea

unblocked , frozen and seized, and russian funds should already be transferred to the national bank of ukraine, welluntry, without any middlemen, the same estates and the terrible ones that russian oligarchs have built there all over the world, they should not just be frozen there either. they should be arrested and they should be realized at large e-e let’s say so competitions, sales, horror and all these funds should be transferred already for today in ukraine because we perfectly understand what the budget deficit is today and in what conditions our economy survives , how difficult it is for our entrepreneurs. and the government should really have the funds that will be withdrawn from of the russian federation in order to support their own country and yet so that these russian funds went to the benefit of our country and also supported our army. well, let's be honest . family, lover, another family, children, we will take a video of the son of this friedman, a russian banker who was sitting somewhere there, fled to israel when he cried that his accounts were blocked and this actually affects me v

well, significant revenues of the military, which also do not spend 100% of them. and here, more than 400 billion hryvnias have accumulated in the current accounts of the national bank, and this is a risk, because the behavior of people can er change, they will start er faster spend these funds on some household areas, they may decide to buy a dollar with these funds, well, behavior may change, and the national bank wants to stimulate banks to raise deposit rates in order to offer them attractive conditions for customers and thus direct these funds into deposits for some time so that they were not spent in large amounts in a short, short period of time and accordingly found such a solution that may not be optimal, but still it was decided when the rate was formally kept unchanged for banks, e.e., in regulation e.e., it is even bigger, somewhere they twisted it, strengthened e.e. and gave weakened if the banks will offer deposits for a period of three months, and on e.e. current , on deposit certificates overdraft, they actually reduced the rate from 23 to 20% , which, in principle, is somewhere equivalent to a decrease in the discount rate, what can be expected from

march 22 of the year ago, we say how much we lost in net well, approximately, at least in money maybe it was a percentage of the national bank's percentage, and if i'm not mistaken, then in my opinion it was one percent, 1% of gdp per month, well, that is, the national bank made an assessment of the actual losses. it's actually quite easy to calculate when you know how unsatisfied the economy's demand for electricity is. because here there is not only the production of electricity, which is not produced and is not er, it does not invest its share of gdp there. and there is what roksolana is talking about , that it further along the entire chain leads to the fact that there is no electricity, it is not produced products do not work. people, we can compare very roughly. this is of course not an absolutely accurate comparison, but if you look at the skills of the middle class in the third quarter of 2022 , compared to the third quarter of 2021, it fell by 30%, and in the fourth quarter, which fell basic energy terror by 35%. and here we see this difference, this is an additional drop of 5%. it was most likely related to the short

bank. well, you say that the ibox bank had its own niche and, in principle, a clear business model okay, a small bank, but a stable income, why did the national bank of ukraine decide that there were some violations, e.e., the national bank of surovy, but this is the national bank, i specially checked for more than six years how it did not withdraw banks from the market with the wording for systematic violation of the prevention of legalization and laundering of income obtained through criminal means uh, what happened in the bank, we can find out from the documents that were released, actually this is an echo of the scandal that was launched by people's deputy zheleznyak a few weeks ago and which is related to with the e-e gaming business namely, the concealment of e-e bazaar revenues from azar pod ihor and , accordingly, from taxation and, in principle, these revenues that players through e-e terminals paid for the benefit of various companies engaged in gambling, they disguised themselves as a bank, so the regulator believes conducts a case with seven companies that, according to documents, were engaged in e-sports , that is, computer games

for your time, why what credit suisse is biggest back her sal, the national bank, rule out further assistance to the bank. well, one, there's a regulatory aspect to it that their stake in any entity can be never more than 10 percent. so, but as the saudi national bank chairman explained this morning that they wouldn't do it in any case. and that really was more damaging part. and to a certain extent of it, one has to say a lot of this is already priced into the credits. we share price bond coming hot on the heel. well, those originals bank collapses. it doesn't really help. what kind of repercussions could problems at a major bank like credit suisse have on the why to banking sector? well, i think it's getting everybody to actually have a much closer look at some of the off balance sheet risk. but some of the banks have but some of the accounting practices, they have all switching things from available to sale for sale to whole to maturity . but then finding that they have a deposit run and it's the structural issues. a lot of this actually relates to some of the relaxation of banking sector regulation back in

that the most interesting thing is me i went to the website of the national bank at first i thought it was a raffle, maybe to be, yes, wellof the national bank, there is a vacancy for a cook hired by this magnificent head of the national bank, who is there , er, so the surname is so magnificent. yes, a surname, it's not a vocation, it's a surname, right? well, judging by what kind of cook he hires, not only a lush surname. yes, that is, the cook must have to prepare liver pates for her or fish in jelly fish aspic stuffed with smoked broth with profiteroles again. they took off an ear with different types of fish. i won't read further. it's on the site poor countries at the national bank poor countries. yes, and the country e is bankrupt. yes, this is it. and vacancies on that's who they need? here , respectively, how ukraine actually lives. and you are fighting there, you are natives, you are welcome, and by the way, the americans treat them like natives, uh, the cards issued playing playing cards for the ukrainian military, where they publish pictures with weapons that they send to ukraine well, so that the military in t

well, i also wanted to clarify that is why the national bank said that it is about two specific stages, that is, the war and the post-war stage, which in principle already sounds good, the post-war stage . how do you think these funds will be distributed, in what ratio? well, really, the national bank proposes two stages because the funds will be are needed to support the economy during the war. perhaps even more will be needed for reconstruction . it is of course impossible to predict how they will be distributed, but it is obvious that for our side, the sooner the more there is in the first tranches, the easier it will be for us to talk about possibly revising the increase after ukraine will fully fulfill its part of the agreement, and these funds, well, that is, they will be targeted, as far as we understand, since they are divided into two programs. because we used to cooperate with the imf in fact, it relied either on certain reforms or on maintaining gold and currency reserves, which is also extremely important, and we also have them , as far as i remember. now it is decreasing a

nation's banks following 2 of the largest failures in u.s. history. american banking system. he's really i'm safe and well capitalized on cbs's face the nation, treasury secretary janet yellen said regulators worked all weekend to respond to the shutdowns of california based silicon valley bank and new york based signature bank. we are concerned depositors and are focused trying to meet their needs. customers range from california's wine industry to technology, startups devoted to combating climate change and curing cancer. the treasury federal reserve and f d i c said sunday the clients would be protected and able to access their money. the fed also announced a new emergency lending program to help prevent additional bank runs. yellen stressed there would be no bailouts. the reforms that have put in place means that we're not going to do that again. still, california democrat congressman roe conn no worries about the future of silicon valley bank. small business clients. all of them are at risk. some of them will go under. some of them are going to be laying people off. it's going to be people are going

. >>> american banking system is really safe and well capitalized. >> president biden addressed the nation minutes ago as it relates to two sudden big banks and their failure. we'll have details. >>> if you are ready to hit the freeways, we are tracking brake lights along 80 and delays on 880. >>> it was a big night for one film at the 95th academy awards. we have a look at the big winners. >>> it's almost time for march madness. bay area teams making the tournament as you get ready to fill your brackets. >>> first, a live look from san francisco. we are counting down to the next atmospheric river set to hit bay area. it cerain that started friday. jessica burch is timing it out as we approach what's next. something big is coming but we need to know what's happening this morning. >> this morning is mild. this is a great opportunity for everyone at home to prepare for what's to come. this afternoon we will see the winds kick up. we will see temperatures drop. showers will return into the forecast. taking a look this morning, it is pretty mild with clouds just above the bay area right now. 5

registered a new draft law that would allow the national bank of ukraine to painlessly nationalize sensbank but will it be nationalized, what are your expectations well, i expected that when it was nationalized six months ago , you see my expectations a little missed. last year, a bill was passed that allowed for the nationalization of this bank, but there was a condition for a decrease in liquidity, a critical decrease in liquidity, but the liquidity did not decrease, and the national bank simply had no reason to come and nationalize, and now what i understand is that the bill is simply submitted, which is co-authored again a national bank, where it is simply prescribed that if there are sanctions, it must be nationalized if the verkhovna rada adopts this law before the shareholders of alfa group leave alfa bank because there were already articles last week that fridman and avan want to sell their shares in the bank to a third partner who is not under sanctions in order to get the specialty bank out of itself, that is, now theoretically it may happen that ukraine will accept this one, but by then fridman will leave but from the bank's shareholders,

bank's raised concerns about how this could reverberate among other financial institutions. treasury secretary janet yellen reassured customers on "face the nation." >> the american banking system is really safe and well capitalized. it's resilient. >> reporter: according to a joint statement released by the federal reserve, the department of the treasury and federal deposit insurance corporation, they're acting in a way that, quote, fully protects all depositors. regulators insist the plan will not include using taxpayer dollars as the two failed banks have not been rescued. lawmakers on both sides are hopeful they can be acquired. >> that would be the ideal situation, and our delegation that talked to the fdic made that clear. >> it is attracting for someone to want to purchase it. it's a timeline of where to move forward. the administration has tools to deal with this. >> reporter: there's a new push by some house lawmakers to extend temporary lines of credit to depositors, to assist with essential costs like payroll. so in a separate announcement late yesterday, the fed announced that there's an emergency lending program that's going to start to try and prevent a wave of people pulling money out o

government knows and realizes that it will be necessary to unscrew all these screws, well actually as the head of the national bankalso mentioned a little about the fact that as soon as he will allow -e economic situation , then the same currency restrictions will be gradually relaxed. i would like to pay attention to your mention of taxes. you say that the imf calls on ukraine to refrain from tax experiments. and are there any ideas that are still alive which are being discussed in relation to experimenting with taxes. if so, what ideas exactly are we talking about, there are ideas, they are constantly floating somewhere in the air, we saw what was there and on the initiative of the president's office, it was recently discussed again whether another such right was held, a tax and anti-corruption conference was held, and i again i wonder again why the office of the president , who should be engaged in the administration of the activities of this branch of government, is actually doing this, but in fact there is such a need, uh, there is a need for such a system rebooting the tax system eh hmm regarding the specifi

breaking news, bank of england raised rates 5 basis points to 4 1/4%, earlier the swiss national bank raised rates as well by 50 basis points boe action this morning, is happening, with the -- rate now up a quarter point, to a level 4.25%, markets this morning, are stable on news that is breaking right now we show you the up european markets coming up looking to job claims out 30 minutes' time, we will get those as soon as they hit the tape interest rates this morning fractionally higher on the session, take a look at 10-year 4 1/2 basis points a level 3.484% yesterday dow saw worst day since march 9 decline 530 on the session nasdaq down 190 s&p was lower by 65. here european markets this morning on heels of bank of england raising interest rates 25 basis points to 4 and quarter % ft 100 down 68 cac quarante down 33 dax lower by 86, in asia overnight mostly green across the board, japan was the one weak spot, but the hong kong, hang seng index up better than 2% on the session, back in washington the tiktok threat taking capitol hill chinese owned company ceo will testify before house panel over u.s. nati

what they co, they charter, they regulate, they supposedly supervise all national banks and federal savings associations as wellcies of foreign banks -- they are now saying that the regulator is engaging in, quote, heightened monitoring of the u.s. national banks. so these regulators from the office of the comptroller of the currency are saying they're keeping an eye on the situation, they are monitoring it. don't know how deep that monitoring goes, but if you look at the dow jones industrials, coming way off that 725-point deficit earlier odd. right now it's down 327. draw your eyes to the nasdaq, it's in the green now, up 6 points. nasdaq had been flirting with gains and losses but only in the last hour and a half, and now we see the nasdaq climbing, the s&p 500 is down 28 points. all of this this though, all of the gyrations have wall street's fear index gauge, the vix, moving all over the place. earlier it was catapulting skyward. it was up well above 30, but now it is below that at 25. and we've got it till up about 9% -- still up about 9%. as we look at the dow jones industrials, there are still those dra

if the swiss national bank comes out and says something about the quiddity, as well, says something aboutt can provide more to banks or help them if and when needed, that is something that might help underscore faith, but for one of the things for credit suisse, we are going through this complicated restructuring that had these outflows last year, and the common theme the last six months or so is a bit of an information deficit. it has struggled to be able to answer the questions that investors and analysts have about its numbers, revenues, in the time that it was trying to come up with its restructuring plan, that is when it saw the outflows. it has been a month being unable to update the market on it was going. now, we know what the revenue target is. we know what the return on equity target is over the next three years. it is a relatively disappointing target, but it is very hard for people to work out how it is going to get there and whether it is lowballing or whether it is being optimistic because they just do not have all the numbers that will help model that, so that is the next t

computers and mobile phones, bank cards on which some criminals received money for placing advertisements. suspicion otako ugu well, let us remind you that literally yesterday the nationalk of ukraine made a decision to deprive ibox bank of its license and liquidate it due to systematic violation of the requirements of the law regarding of financial monitoring, well, ukrainians may be familiar with this financial organization, in particular, through special devices that are used quickly to top up bank cards, in particular, and they were used in the monobank, and today it became known that the security service of ukraine and the bureau of economic security are conducting searches in the offices and branches of the ibox bank e about at least this is reported by european truth e-e, citing two unrelated sources in law enforcement agencies, the bank allegedly did not properly develop and implemented internal documents on financial monitoring taking into account the requirements of the legislation, the results of the national risk assessment and the assessment of the risks inherent in his activities, now he is joining giorgii kandelaki, a georgian politician , a member of the

>> well, old national bank has been in business for 188 years our clients have been with us a long periodf time. i would like to say we have midwestern sensibisensibility. our clients are concerned, but they know the bank is strong and we had long and deep relationships. we have lots of conversations with clients about the strength and stability of regional, but old national specifically and they are comfortable it is business as usual across the midwest and especially here at old national. very strong bank and deep relationships with our clients. >> we have a graphic we want to show the audience. i want to ask about uninsured deposits and unrealized losses silicon valley bank had high level of uninsured deposits and took losses on the treasury investments. the wall here being shown on tv and silicon valley bank had 93% p of deposits uninsured. also, we talked about this, on your balance sheet, you have $5 million of unrealized losses on treasuries give us a sense of what percent is uninsured and how do you resolve the losses on treasuries we saw what it did to silicon valley bank, but yo

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bank of england. well, earlier the swift national bank increased its interest rate by half a point. so it's a key rate. now times at 1.5 percent, the bank signaled more hikes were possible. move comes on the heels of turmoil and swiss banking system. the state broken a deal for banking giant u b. s to buy its troubled rival credit suisse on sunday. the i'm f as warning, lebanon urgently need to reform it's to reform, so pretty prevent hyper into inflation. a conditional agreement was agreed was reached last year on a $3000000000.00 loan to save its economy, but needed changes have not be made, no protest as tried to strong government headquarters in beirut on wednesday. please find, take us to break up the crowds. many of those are tired soldiers demanding a living pension. well, i spoke to, i mean, salam lebanon's minister of economy and trade says, and he says, political will isn't needed for 11 to recover from it's economic crisis. we have witness that you know what lebanon is going through. now, as it is transition periods from an old system to a new system. we are working towar

well. $1911 the ounce. all, as credit suisse talking about borrowing from the swiss national bank, of course trying to weather a collapse in market confidence. russell ward, bloomberg's asian financial editor. russell? russell, give us a sense of whether we are seeing some calm and credit suisse is doing enough to weather the storm for the time being. russell: hi, rish. yes. good morning. next reaction to the news, events unfolding rapidly, we had the swiss national bank pledging to add liquidity, if needed. and then hours later of the bank said yes, it is needed in they issue the statement saying that they will tap a 50 billion swiss franc credit facility and buyback 3 billion swiss francs of bonds. we saw european bond futures rise, but asian stocks falling again, and really does is a continuation of the negative sentiment we are seeing in the global banking sector over the past few days. of course the three bank figures in the u.s. started this route, and now it has filtered through to credit suisse, and i think the key thing to be watching will be how investors react want credit suisse shares opened up la

bank. today treasury secretary yellen is set to be grilled by a senate committee. she's expected to reiterate what she told "face the nation" earlier this week. >> the american banking system is really safe and well capitalized. it's resilient. >> reporter: in the wake of the failures of the two u.s. banks, there are new calls for accountability and legislation. the white house and congressional democrats pushing for tighter regulations. senate dems have introduced a bill that would claw back any bonuses or profits earned from stock sales within 60 days of a financial firm's collapse. >> these top executives should be held accountable. they almost cratered our entire banking system. >> reporter: but some republicans say it's too soon -- >> i think it would be premature to start talking about solutions before we fully define the problem, and ultimately get answers from the regulators. >> reporter: on that path, the department of justice and the securities and exchange commission have launched investigations into the collapse of silicon valley bank. now senate democrats have also put up a bill that would repeal a trump-era law that loosened regulations on banks the size of svb. but some experts arg

bank national chairman -- saudi bank chairman. going above 10% as a shareholder, they said there were many other reasons as well.eason, which is regulatory. 1.80 on credit suisse. talked briefly about futures taking some pain in america. given the moves we have seen over the last week that is not a monster move, is it? the two-year bond in america has traded like a penny stock over the last week. it is down 22 basis points. tom: pink sheets. jonathan: very close to 3.99. tom: we are watching american oil near a 69 handle. i want to bring us an update on that 10 minute intervals on credit suisse. up to one comfortable moving average, and now is when we see a retest at 1.80. do we go back down and look at 1.68 or get to a better place? jonathan: deeply uncomfortable for that company this money. the moves in the bond market, we are pricing in rate cuts, not just in america, but europe too. looking at germany the two year yield is lower this morning. christine lagarde has the unenviable task of working through these issues that are seemingly pre-committing to a 50 basis point rate hike, and now seemingly stuck betwe

funds are preferable, more questions are why the national bank is taking measures, but on the other hand, people once again trust the banking to the system well, defense and finance are the only things we received. i would also compare them to the weapons we received. these funds. look, if you imagine our budget as 100% as a whole, then 50% is spent on the army, on the military-industrial complex, on the salary of the military there, for example, and the other 50% is international financial aid, which finances other sectors of our state, including the remote sector, and made pensions there for budget workers in our e. well, it is clear that the reimbursements, that is, the programs that we have today, that is, they are also needed for that, and look at this, it is all such a puzzle. i would say that it is difficult to even single out which is the most important, which is the key, all this is going on, it will have a positive effect for a long time, the hryvnia will hold like this, what are your forecasts? well, again, these are forecasts , don't you remember? we were there more than once before the war, during the war. simple but er me i woul

so it's a very delicate balancing act that the central banks are having to try and tread well earlier. the swiss national bank increase its interest rate by half a point foot from key rates now cents at 1.5 percent. the bank signaled more hikes were possible. the move comes on the heels of the tunnel and this was banking system, the state break, and a deal for banking joint you'd be asked to buy as troubled arrival, credit suisse on sunday, feel i m f is wanting lebanon urgently needs reforms to prevent hyper inflation a conditional agreement was reached last year on a $3000000000.00 bone, but loan to save its economy, but needed changes have not been made. protesters tried to stone government headquarters in beirut on wednesday. please find, take us to break up the crowds. many of those are todd soldiers demanding a living pension. well, i mean, salam is lebanon's minister of economy and trade. he's in bay root forth. good to have you with us. the i m f is saying that lebanon is at a very dangerous moment. would you agree? yes, absolutely. not. been on the very, very, very critical transition period and

national bank of sorts. what does that mean? >> yeah. wells all the way back to alexander hamilton who wanted a national bank. but today what we're doing is we're literally socializing all of the losses in the banking system that come from this crazy fed policy. we're backstopping all government debt, not private debt, and the government wants money to flow, and they want cheap money to flow, and they're the real beneficiary. one of the ways to do that is to have a real national bank, and hen the you can punish areas of the economy like you -- that you don't like, let's say fossil fuels, and you can subsidize areas that you colike, clean energy, and that's the big worry about moving to a national bank. charles: yeah, a lot of folks out there saying we should only have four banks is nuts. brian, thanks very much. my next guest sees the fed pausing for a moment but then the resuming a later in the year. but i've got to tell you, the cme fed watch model sees a cut every single meeting from now through july of next year. i'm going to bring in col

and so we need banks that have a multi-national scope, that have the scale to close big deals for our largest corporations. and we need some smaller banks as wellt we don't have of this notion that every bank that fails constitutes a national failure. firms go out of business in every industry all the time. and the hallmark of successful competition is, in fact, having some firms fail. and it seems to me we've gotten away from that in banking and financial services, and that's a problem and that our regulators have to start genuinely trying to let markets work better in these areas because, ultimately, it'll serve the taxpayer better, t serve -- it'll serve the customers better. you really shouldn't have a bank that's not doing due can diligence. we need to get away from the model we're in right now. neil: other banks get caught up in the fray having nothing to do with their business practice practices or how they run their banks or whether they're upside down op on treasury bill and note investment. what if they're just part of that that contagion of a selloff or people who are moving from smaller regional banks to big banks? we're told upward

bank - this is the first example of such a... well, just recently i was shopping in the register of court decisions and saw what else there is a year ago, the national bank tried to bring to administrative responsibility the officials in the ibox precisely because they tried to hide already during the inspection of the exit of the national bank officials tried to hide the transactions of the leogaming financial company, which is also uh, there is an assumption that it was involved in this whole process there for an amount of the order of sms and half a billion hryvnias, that is, that is what the shareholders of the ibox team called it, connected with this company leogaming uh, most likely but they really, really liked to sue journalists for this, they even extorted money from some, well, now there is more and more evidence that such information appeared not in vain. well, of course , journalists there could not always prove it like that ibox the bank is clearly withdrawn from the market. the national bank of ukraine actually also joined our fight with you to ensure that the gambling business pays money to the budget in accordance with the law. we do

smuggling is actually almost, well, probably equal to the official flow of goods well, once upon a time , the national bank, so it is not public , conducted such a study on the difference between the official flow of goods and the one that was calculated according to the so-called identification prices, that is, which should have been made before the war at the level of somewhere at the level of 30 billion dollars. that is, you can imagine the difference, that is , the flow that was supposed to pass through customs differed by 30 billion dollars, and 30 billion are not taxed. and this is approximately if its to tax, well, these are not the numbers that are called saakashvili, there are some fantastic ones, but it is 6-7 billion dollars, taxes can be collected from this financial flow . well, at the moment, 6-7 billion dollars, well, in fact, it is a small amount, it can actually be doubled the state subsidy is in the pension fund, that is, uah 200 billion should not be paid there, but increase pensions accordingly, increase the subsidy and index much more pensions, that is , the state loses these funds tha

the market seem to not be reacting well at all to the announcement they'd be taking a $54000000000.00 loan from the swish. first, national bank credit switches down about 89 percent on friday, taking with the other major banks as well as city bank down about 5 percent wells fargo goldman sachs also in the red down about 3 percent. so the overall picture of the markets is things are pretty flat right now, but the banking sector certainly very nervous. now what about the parent company of silicon valley bank, which started all of this filing for bankruptcy? early on friday. what, what are the consequences of that? what are they trying to do in filing that making up filing well, they're trying to find a buyer, that's number one. and it's a little disconcerting. most analysts will tell you that they haven't been able to find one over the past week or so since they basically collapsed. so them filing for chapter 11, bankruptcy and new york early friday was sort of expected, but still worrisome. someone can still buy the bank. that's the hope anyway, by the assets. what's left of the bank that would help prop up what's left of it a

bank, that is, it will not be allowed to go bankrupt. well, the most unexpected effect of such a chain reaction resigned, the head of the national bank ofarabia, omaral khudairi , bloomberg reports this, it is noted that the regulator is one of the largest shareholders wyss crisis statement by the head of the central bank provoked a fall in the value of the shares of the swiss bank, according to the agency's new chairman. the national bank will become the chief executive director of the regulator. said mohammed algamdia. did you have such that paying online made you remember where your card is now a button , st. petersburg it doesn’t matter where it is, and paying for purchases is not only convenient, but also profitable to pay through a quick payment system without getting up from the couch. benefit has never been so convenient. pay for purchases using the sbp button. at share partners and benefit erich krause presents a pencil with an improved super-strong shape apply glue smooth 30 seconds. does erich krause's glue stick together faster than you expect? sberbank presents a loan with the lowest rate in 10 years. yes, friend, how much

can buy a souvenir at the branches of the partner banks of the national bank of ukraine - these are privatbank, ukrgasbank and oschadbank wellth this good news, i finish talking about money during the war, but the big one does not end broadcast vasyl zima will continue it. watch us . it's hard to talk about what you feel when you have urinary incontinence, an unpleasant situation can arise at any time, even from a slight effort, fortunately - it's behind me feminost uro helped thanks to the natural ingredients feminost uro helps to restore control of urination in the melon at night now i feel confident feminist hurray urination under control cinema television port such an education free people have a choice choose what you want on megogo we continue big tera now again shevet anxiety air anxiety territory of our states, therefore, it is limited if you start from the east with the territories of poltava, kirovohrad region, zaporizhzhia, dnipropetrovsk , kharkiv, donetsk, luhansk and occupied crimea now the reds are also reporting that at 19:12 they reported explosions in the poltava region and now there is more accurate inform

they suorted our eort for credibleessenger or violence intruption trainin we have gone to wells fargo bank, nationalov cities, who have been the was to get us see honey so we can make sure we have additional interventions towardhe issueof crime. lastly i will say when you do a truly intensive study of what the crimes of violence and jackson persist ou of,ou find it is largely based o interpersonal conflict, which is difficult to pole. so having an occupying force that abuses community does not make the city saver. over the last six months, there have been at least seven officer have been involved incidents for the capital compex police. and surrounding jurisdictions over theast two to three years have not amounted to that number of officer-involved incidents. amy: this reminds me so much of what happened in michigan when the governor, the white republican governor at the time appointed emergency managers, especially for black cities. we know what happened in flint with the water supply been disconnected and wholly contaminated. the governor there was rick snyder. can you clarify what you just said a

many central banks meeting this week and they decide to normally hike rates, that would put additional pressure for our clients and lending money to the ubs group as well by the swiss nationala: what will the fed do? damned if you do, damned if you don't. rajeev: very difficult for the fed. they have been telling us that their foremost fight is against inflation and they will do anything they can to keep it down, and suddenly the impact of very rapid rate hikes is now hitting the financial system. if they do 50 basis points as jay powell was saying, that will be too much. markets are going to stress once again, so they cannot do 50. they cannot do nothing either because they have to tackle inflation, so they will have to go 25 basis. we saw that type of message from the ecb as well last thursday. rishaad: so surely the best thing they can do is pause and let everything settled down a little bit because the rapidity -- providing swap plans for the dollar funding. rajeev: the idea is to separate the banking crisis from what they want to do on the inflation fighting side. that is what miss lagarde said clearly as well, no trade downs, but there are trade-offs and they are majo

trauma recovery which we have gone through extraordinary means to partner with the national league of cities and wells fargo bankey to contend with the challenges in the city, and so that we can hire in addition to the officers to have other professionals with prevention such as mental health professionals and social workers, and if they are really concerned about the violence in jackson, they would want evidence-based solutions which most of the violence is through interpersonal relationships which is very difficult to simply police. >> and let me ask you about the policement will. you have noticed the issues with the capital police in the sentiment of the past, and that is if they are working with in addition, and working hand in hand, and a way to get the cops on the street more quickly, could they be a part of the solution? >> we think that any measure of policing has to have community trust at the foundation, and where you have a bill that proposes an mou between the city of jackson and however, if we can't agree, then the state capital police prevail, and whatever they want to do, becoming the order of the

banks to calm the stock markets. the american president had to make a special address to the nation. he promised that there would be no new financial crisis and the banking system would not stand. wellin general, he said that everything would be fine, but it’s true, the stock exchanges didn’t believe the baidan, what alexey veselovsky tried to understand further was the sixteenth largest in america, the second in california it was the main bank of silicon valley, where tens of thousands of technical companies and startups did not pour money at the end of last year, the bank's assets, were estimated at more than $ 200 billion, but this did not save them from collapse. did all the converting back collapsed within 48 hours, leaving customers with no money, the former chief product officer. google andrey doronichev. so i wrote about it on social networks. yesterday morning i 'm with a successful startup on the company's account of 10 million dollars i'm thinking about what else we should invest in coffee with my wife i called the yoga team with dasha this morning i'm the ceo of a startup again. thinking about how to pay my salary on monday coffee with my wife i called the team to my rap

same 15,000 . a certain small dynamics of wage increases well, once again, if we return to official institutions, we are talking about the national bankwe are talking about the ministry of economy , we are talking about the assessment of experts who are directly related to the government. it is expected that the average salary in 2023 will increase , maybe not as quickly as we would like, but it will amount to approximately uah 18,260. that is, it will grow by approximately three thousand uah to 3,000 in 2023. well, in percentage terms , this is a significant increase. it is predicted that it will be 3,000 uah by itself doesn't seem like much, but 3,000 uah compared to 15 is already significant . now i won't quickly count the percentages , how much for 20 e-e growth. that is, you know when we talk about some kind of increase in interest rates. i don't really like such indicators because if, let's say, i earned 100 uah, and then ten cheated, i earned 200 uah. yes, my salary increased twice immediately . the question is about percentages. the question is that the arbitrary salary is the result of supply and demand in the market. which t

what is the work of the national bank here, and that is why increasing the financial literacy of detectives and prosecutors is an urgently needed story wellter that, he is now the head of the ukrainian branch of raiffeisen. if so, before that , he worked at the national bank of ukraine, and it was just about the withdrawal of other banks from the market, and there were accusations related to this . okay, let's talk about the most positive topic . nova poshta announced that it is finally opening its first branch in lithuania . besides, nova pay is a financial company associated with the nova poshta group, and it is trying to get a european license . they can compete there on an equal footing, do they have prospects there, or is it possible, and we are talking only about eastern europe, we see that in poland , ukrainian companies somehow manage to work there, and in relation to other countries, why do ukrainian companies leave because there are ukrainian refugees, ukrainian citizens, people who lived in ukraine also knows about ukrainian services well and about these ukrainian brands, if you look at poland, there are already a large number

wells fargo. bank. throughout the nation. i was the youngest. so when i begin to look at my credentials and the corporate, um, things that i have done. and then meeting mayor breed at the time. she was president of the board and thank you to, um minister christopher mohammed. who brought us together at, um john's grill with the fabulous scallops. ah you know, i just really appreciate me a breed. i love me a breed. everyone who knows me knows that i love me a breed. you can't say anything. about her wrong to me. because i love her that much. and for her to know who i am. what i stand for that i am a unapologetic black woman. i'm not an activist. i'm sorry. i'm not a politician. i'm an activist. and so when i go into some rooms i'm not afraid to speak up. because there's nothing you can do to me. but the one thing you can do to me it's what a target on my back. don't let me do what? i'm, an expert at and that's creating programs. intervention. programs. for my community. and so. i love you so much. i really do. and so as we look around, and we hon

we've joined in with wells fargo bank and national league of cities to create an office of violence preventionvery so that for every new officer we're bringing on additional interventions, bringing in social workers and mental health experts to help curtail some of the challenges we see in our community. our sharpest rise in violence has been among our youngest demographic. instead of doing a curfew whether there isn't detention centers to hold people, nor does it truly get to the root cause of why young people find themselves in vulnerable places at vulnerable times. how do we have people who are specialized in the area of working with that population so that we teach, train and support young people, that they don't take permanent solutions to their temporary problems. we can talk about it, continue not only in addition to the things that i mentioned, other sports that help our police department. what we don't want to do in a moment of crisis is reach for a solution which is worse than where we find ourselves. >> thank you so much for your time today, sir. we appreciate it. >>> the new warnin

this takeover work, exactly, again a massive emergency loan from the swiss national bank wasn't enough to stop the fallout? >> wellthe takeover itself i think remains highly uncertain. it seems that the s and b is written in loan loss provisions and backstopped the ultimate losses. credit suisse's balance sheet is something that i think even ubs, the acquirers, and many of the executives at credit suisse don't know where all the skeletons are hidden. so it will be interesting to see the details worked out over the past week, but it does seem that the swiss national bank has backstopped the losses for ubs to get it into safe hands, so to speak. >> credit suisse, it has had issues for a while. even late last year, it had depositors withdrawing funds. so why did it take this long to do something about it? or for the problems to show up? and why are we suddenly seeing banks fail here in the united states? now we're seeing this in europe. is. >> yeah, it's certainly been a long time coming with credit suisse, the issues. it's been a balance sheet that folks have been very scared to touch for, gosh, well over a decade a

nation. >> the american banking system is really safe and well capitalized, resilient. >> reporter: accordinga joint statement by federal reserve, department of treasury and federal deposit insurance corporation they're taking actions, that quote, fully protects all depositors. plan will not include taxpayer dollars as the two failed banks have not been rescued. they're hopeful that they'll be acquired. >> it is attracting for someone to purchase. it's just a time line on where to move forward. administration has tools to deal with this. >> reporter: there is a push by house lawmakers to extend temporary lines of credit to depositors to assist with essential costs like payroll. our coverage this morning continues where customers are already lining up. >> reporter: good morning. what you will see is a remarkable scene. we are watching some customers of silicon valley bank sit in line outside the front door before 5:00 a.m. to be sure they have access to some of their funds. it's been an emotional roller coaster after the past three days when the bank failed. tech start ups and firms that we ar