silicon valley bank collapsed on friday, and the government of the state of new york shut down signature bank last night, claiming signature was on the verge of collapse. the federal government has since taken over that bank. president biden rushed out to the cameras this morning before the markets could open to try to calm the american people. he insisted there s no need for the public to worry, that their money is safe and the economy will not suffer. america can have confidence that the banking system is safe. your deposits will be there when you need them. every american should feel confident their deposits will be there if and when they need them. let me also assure you we will not stop at this. we ll do whatever is needed. the concern now is whether this was just the first part of a larger financial crisis and whether other banks or the markets will take a major hit in the coming days and the move by the biden administration to guarantee that the funds in those fail
jake. it is unfounded. for several reasons. firstly, the banking sector overall is much better capitalized than it was in 2008. there have been huge changes. a full-scale banking meltdown crisis, is it possible? maybe. is it likely? absolutely not, so the experts say. i was talking to one such expert here in israel where i am. the tech sector which has been so badly hit by all of this. i spoke to the venture capitalist of the viola group. he said it s not a system at risk, but when it comes to runs on banks, today they can be much faster than you think. run on the bank of the world of internet is very quick. but i do believe it s an isolated, specific event. i don t think it will have huge impact. this is not 2008. reporter: putting that into wider view, it s certainly going to hit the technology sector because tech borrowed from these institutions, but the speed at which the regulators moved shoring up the depositor savings making it clear investors won t be bailed out.
Besser with what you need to know to protect yourself. Water rescue. Look at this. A capsized jet skier struggling in the choppy seas. Hello, 911. Hello, i just lost my jet ski. Im in the middle of the water. Im like barely holding on right now. Calling for help on a stashed away cell phone. The dramatic rescue just in the nick of time. Do you believe in magic and harry potter returns. The boy wizard casting a new spell. His eighth story under tight wraps ready to be revealed just hours from now. Let the feast begin. The massive muggle mania taking the world by storm. Good morning, everyone. We want to say thank you for joining us. Great to have ryan smith with us, as well. We do want to start with some breaking news, though. Were learning this morning about new terror arrests in belgium, a nation still reeling from the bombing of the Brussels Airport attack back in march, an attack for which isis claimed credit. Two brothers under arrest accused of planning new attacks in a country an
Know to protect yourself. Water rescue. Look at this. A capsized jet skier struggling in the choppy seas. Hello, 911. Hello, i just lost my jet ski. Im in the middle of the water. Im like barely holding on right now. Calling for help on a stashed away cell phone. The dramatic rescue just in the nick of time. . Do you believe in magic . And harry potter returns. The boy wizard casting a new spell. His eighth story under tight wraps ready to be revealed just hours from now. The massive muggle mania taking the world by storm. Good morning, everyone. We want to say thank you for joining us. Great to have ryan smith with us, as well. We do want to start with breaking news. Were learning this morning reeling from the bombing of the Brussels Airport attack back in march for which isis claimed credit. Two brothers under arrest accused of planning new attacks in a country and continent on high alert. For the latest on what is a developing story this morning, lets go to abcs Jennifer Eccleston w
Besser with what you need to know to protect yourself. Water rescue. Look at this. A capsized jet skier struggling in the choppy seas. Hello, 911. Hello, i just lost my jet ski. Im in the middle of the water. Im like barely holding on right now. Calling for help on a stashed away cell phone. The dramatic rescue just in the nick of time. Do you believe in magic and harry potter returns. The boy wizard casting a new spell. His eighth story under tight wraps ready to be revealed just hours from now. Let the feast begin. The massive muggle mania taking the world by storm. Good morning, everyone. We want to say thank you for joining us. Great to have ryan smith with us, as well. We do want to start with breaking news. Were learning this morning about new terror arrests in belgium, a nation still reeling from the bombing of the Brussels Airport attack back in march for which isis claimed credit. Two brothers under arrest accused of planning new attacks in a country and continent on high aler