newsroom 11 banks stepping up to provide a financial life line to first republic bank, the regional u.s. bank facing significant challenges the last week. [ sirens ] this is an area that will see the line of storms move through the overnight hours and early morning hours friday. we know the intercept was intentional. we know the aggressive behavior was intentional and very unprofessional and very unsafe. live from london, this is cnn newsroom with max foster and bianca nobilo. it is friday, march 17, 9:00 a.m. in london, 4:00 a.m. in new york where new trading day gets under way in just a few hours. investors may be wondering if another regional bank needs rescuing. it looks better for first republic after 11 major banks extended a lifeline to keep it afloat. a large percentage of uninsured deposits prompted many customers to pull their money from the bank. and shares soared after the news. right now futures are steady if not rising slightly and markets acr
and pentagon concerning the russian downing of a u.s. drone. new video shows when a pair of russian fighter jets approached the drone and brought it down. let s bring in oren liebermann and jeremy diamond. let s start with what the pentagon is saying about this new video. reporter: the video itself is pretty incredible. a close look at what happened early tuesday morning over the black sea. there are essentially two pieces to it. in the first one, a russian fighter jet makes a pass at a u.s. mq-9 reaper drone, dumping jet fuel. you see the drone itself is still operating. the propeller spinning, in the second clip of the video or the later part of the video, you see a russian fighter jet make another pass. you see the same dumping of jet fuel and this is where the russian jet collides with the u.s. drone, damaging its propeller and forcing it down. it s critical because this is what backs up the u.s. account of how this all played out over the course of 30 to 40 minutes o
that this collapse wasn t their fault, it was the banking regulators who were asleep at the wheel. and believe me, i have questions for a lot of the banking regulators. but congress handed chair powell the flame thrower that he aimed at the banking rules. european central bank says banking center is strong and solvent and raised its benchmark interest rate half a point bringing them to 3%, highest level since 2008. ecb president christine lagarde says inflation is projected to remain too high for too long. and the u.s. banking system is stronger now than before the great recession. given the reforms that have taken place, and theri was aroun 2008 so i have clear recollection of what happened and what we had to do, we did reform the framework, we did agree on basal 3, we did
purposes and they all got in trouble at the same time and depositors needed money at the same time. we don t see that across the whole company. we have a tech start-up downturn and it caught these two banks up. going forward, there s less of a risk of seeing a lot of these. let s get your take on this exchange between secretary yellen and senator elizabeth warren. we re all waiting to see what the fed does on the we expect the back end of this turmoil within the banks. but we heard from, give that to me again. i will just read it. she said over the last few days we have heard a lot of republicans say that the collapse was not their fault, that it was the banking regulators that were asleep at the wheel. and believe me, i have questions for a lot of the banking regulators. but congress handed chair powell the flame thrower he aimed at the banking rules, suggesting that chairman powell has some culpability here. give us the context around that from senator warren. sure.