tom costello has been looking this new report over. tom, the fed essentially admitting it failed here. reporter: that s right. the fed says there s plenty of blame to go around in the failure of svb. it says first this is a textbook case of bank mismanagement, and in a mea culpa the fed said it also failed. government regulators did not understand the depth of the bank s problems and were far too slow to react. one big issue, the fed s very bureaucratic regulatory oversight system. the fed is now considering whether to require banks to have more cash on hand and tougher regulatory rules, lester. and, tom, meantime, there s growing concern about another bank that s in trouble, first republic. what do we know? reporter: there s right. our partners at cnbc is reporting that the government is preparing to put first republic into an fdic receivership. they put 30 billion into the bank to keep it afloat, and its
this is a textbook case of bank mismanagement. the risk the bank faced, liquidity risk, those are bread and butter banking issues. the firm was quite aware of those issues. they d been told by regulators. investors were talking about it publicly. they were quite vulnerable to risk, to shocks and they didn t take the actions necessary to meet that. a textbook case of mismanagement. the former ceo is now hanging out at his house in hawaii. fed vice chair michael barr did not mince words today in an appearance before the senate banking committee about the collapse of silicon valley bank and signature bank. he blamed the bank failures on mismanagement. he faced really hard questions from lawmakers about how these banks could collapse and what could be done to prevent it from
, plus no way out. a judge now, says mike pence must testify before a grand jury about donald trump and january 6th. and this is a textbook case of bank mismanagement. risky business, the big mistakes that caused to us banks to go belly up threatening the global economies. good morning. welcome to our viewers in the united states and around the world. i m christine romans tonight. the city of nashville holds a vigil to mourn victims in monday s mass shooting at a private christian school, a 28 year old former student at that school killed three adults and three young children in just 14 minutes before being fatally shot by responding officers. investigators have revealed more about that attacker. the weapons used and the swift response by the first responders at the scene. cnn s carlos suarez has more from nashville. let s go body camera video from to
paying hush money to an adult film star not expected to hear the case again this week. the panel has been meeting mondays, wednesdays and thursdays. it will return thursday to hear a matter separate from the trump hush money case, but the schedule is subject to change. the jurors last heard witness testimony on monday they did not vote on a potential indictment of the former president. right today. the country s top banking regulators expected to testify before the house financial services committee about what led to those failures of svb and signature bank, the 2nd and 3rd largest bank collapses. in u. s history. here s what one of them told the senate banking committee yesterday. of course, never. a good thing is a textbook case of bank mismanagement. the risk the bank face interest rate risk and liquidity risk. those are bread and butter banking issues. the firm was quite aware of those issues they had been told by regulators, investors we re talking about problems with interest rat