and titans many charged with being woke, but the fact of the matter was, it was a bank that made the wrong bet on treasuries at the wrong time and bought tens of billions of those, the price of treasuries went down and flat-footed while people wanted their money. now it s in receivership and run by the federal deposit insurance corporation. it s a dramatic played out amidst talk there could be other problems out there. kelly o grady has more from los angeles. kelly. good morning to you, neil. yes, it s the second biggest banking collapse in u.s. history. the first major one since 2008 and it all happened in the span of 48 hours, what started this is svb found its self short on cash. the stock was plummeting. invests warned they might not be able to raise money and a bank run and loss of clients and simultaneously tried to withdraw fund. and the regulators have taken over it and insured depositors will gain access by monday. fallout could be dire. roughly 50% of venture capi
newsroom, we re following global reaction boy the arrest warrant for russian president vladimir putin, we ll go live to kiev ahead. and to on you allow the use or prescription of abortion pills, the signs that point to a possible indictment of donald trump possibly soon. this comes amid a monday mental ruling by a federal federal judge involving one of former s president s attorneys. live from cnn center. this is cnn newsroom. with kim brunhuber. russian president vladimir putin, the world could be a lot smaller than it was for him 24 hours ago, the international criminal court issued an arrest warrant for him and the kremlin so-called children s rights commissioner alleging they re responsible for the illegal deportation of ukrainian children to russia, international court was created to prosecute individualized of such actions right now, 123 countries recognize its jurisdiction and if putin travels to any one of them he could be potentially arrested there. russia, howev
the billionaire is here, too. let s get the latest from kelly o grady in los angeles outside first republic bank that yesterday at this time, its very future was in question. not so much today. kelly? that s right, neil. first republicly closed down 62% yesterday. i just checked and looks like it s up 28% today. that s a good sign for them. we re seeing more concern with scb. the fdic is looking to avoid a bailout and look for a buyer. we re learning that the fdic is looking to hold another auction to sell svb after attempts failed this weekend. my sources tell me a number of private equity firms are considering the acquisition but they re not sold on buying the bank in its entirety yet. this comes as a shareholder class action lawsuit has been filed against the bank and the former cfo and coo. there will be many suits to follow on this front. this comes as governmental scrutiny ramps up on what went don at svb. the doj is investigating the collapse. this is routine in a si
nancy mace coming up. reckless. in his sharpest rebuke yet, mike pence says history will hold his former boss accountable for january 6. will other potential trump challengers agree? a new voice. a multimillionaire businessman says he is running for president to shake up the gop. we are hungry to be part of something bigger than ourselves. is his new approach striking a cord within his own party? that s ahead. hello. i m caitlyn collins in washington. the state of our union is watching the 2024 race heat up. big news in the gop presidential primary last night. mike pence went further than he has before behind closed doors at the gridiron dinner in washington, describing his experience at the capitol on january 6 and delivering a blistering line attack against his former boss and frankly many in his own party saying, tourists don t injure 140 police officers by sightseeing. make no mistake about it, what happened that day was a disgrace. it mocks decency to portray i
cnn s state of the union right now with caitlin collins. fallout. a key bank fails prompting some calls for a government bailout with washington split over a plan for the overall u.s. economy. i don t know what there s much to negotiate on. where is it heading? former economic adviser under president trump gary cohn joins me and republican congresswoman nancy mace coming up and reckless, in his sharpest rebuke yet, former vice president mike pence says history will hold his former boss accountable for january 6th. will other potential trump challengers agree? plus, a new voice, a multimillionaire is running for gop. we are hungry to be a bigger part of ourselves. will he be the head of the republican party? hello. i m caitlin collins in washington where the state of our union is watching the 2024 race heat up. big news in the gop presidential primary. mike pence went further than he ever has before behiendz closed doors at the gridiron dinner in washington d