A warm welcome to the programme, briefing you on all you need to know in global news, business and sport. And you can be part of the conversation. Were asking you about our breaking news, the collapse of thomas cook. Are you on a thomas cook holiday . Do you work for the travel company . How are you impacted . Get in touch just use the hashtag bbc the briefing. Lets bring you the details on the story that broke in the early hours. Thomas cook, one of the Worlds Largest travel companies has ceased trading. The final confirmation came about three hours ago, after prolonged talks to try and save the company failed to bear fruit. It was trying to raise 250 million to continue and had asked the uk government for help. Now a major repatriotion operation is underway to bring home the estimated 150,000 uk passengars stranded overseas. Simon jones begins our coverage. Grounded, the uk oldest holiday firm has collapsed after 178 years. A day of frantic negotiations failed. At two oclock this mor
Have to decide first what changes do we think are appropriate, and that will take a little time. And then the question will be reproposal what i said, when we get to that point, if reproposal is the right time, were not going to hesitate its a perfectly live option in the current environment we have in politics in this country, theres not a lot that you find bipartisan agreement on, but i think you could find some agreement in withdrawing that proposal. Can you explain the importance of broad consensus at the fed on proposals like b3e, among Board Members to proposals i think well get to broad consensus at the fed i think its very important. This has been our culture that we try to find Common Ground and weve been able to do that in the regulatory space, and i expect we will be as well. Im committed to that. Could it be that were seeing this level of disagreement because of extreme measures that are being taken now that may not have been taken in the past. A total difference of opinion
Housing affairs will come to order. Thanks to the new deal and the hard work of our regulators today, most Bank Failures of course never a good thing or generally not a big deal but the quick collapses of Silicon Valley bank and Signature Bank were no ordinary failures. In less than a day, Silicon Valley Bank Customers pulled 42 billion dollars out of the bank fueled by Venture Capitalists and their social media accounts. They created the largest and fastest bank run in history in the following days Signature Bank lost 17 billion dollars. Regulators both republicans and democrats came to gather to prevent the panic from spreading. They increase liquidity, they promoted confidence in our Banking System, they protected deposits of customers and Small Businesses not notably the investors the investments of executives and shareholders. I spent that weekend on the phone with ohio Small Businesses and banks and credit unions. While Small Business owners simply wanted to make payroll. They di
On April 1, 2022, the Acting Comptroller of the Currency, Michael Hsu, announced that he is considering imposing new prudential standards on larger regional banks.