bank collapsed a billion dollar rescue plan for another bank what happens now then the latest developments i the many investigation surrounding the former president. that new york a.g. attempts to combat trump s delay tactics and a nbc news sophistication. why are kids still going t school next to a plant toxic chemicals? as the 11th hour gets underway on this thursday night good evening, once again, i am stephanie ruhle. the nation s biggest banks mad a dramatic move today to rescu a smaller bank and head off potential crisis 11 at the top financia institutions, including bank o america, jpmorgan and chase an city bank will pump 30 billion dollars and two first republic bank to keep it from collapsing this huge cash injection comes as first republic struggle with a falling stock price and fleeing depositors it comes days after the sudden collapse of silicon valley ban and signature bank the new york times reporting that the plan to say first republic, are you ready fo this w
why are kids still going t school next to a plant toxic chemicals? as the 11th hour gets underway on this thursday night good evening, once again, i am stephanie ruhle. the nation s biggest banks mad a dramatic move today to rescu a smaller bank and head off potential crisis 11 at the top financia institutions, including bank o america, jpmorgan and chase an city bank will pump 30 billion dollars and two first republic bank to keep it from collapsing this huge cash injection comes as first republic struggle with a falling stock price and fleeing depositors it comes days after the sudden collapse of silicon valley ban and signature bank the new york times reporting that the plan to say first republic, are you ready fo this was hashed by quite the trio treasury secretary janet yellen, ventured jay powell and that chairman jim eat diamond yellen went before the senat finance committee, and she insisted that the u.s. banking system is sound and defended the emergency action to co
Finance committee and one of the senators who stands by their 2018 vote to eas scrutiny on certain banks. senator, let s start with the. there are a lot of peopl pointing fingers now sayin that this would not have happened if those rules had no been rolled back first of all, guy adami set in our last segment, even if th full force of the original job frank was in place, the silico valley bank would have passed. take us back to 2018, why di you vote to ease those rules and why do you stand by it today? stephanie, it s good to see you again. guy set it, the treasury secretary today said it, and the vote in 2018 was fairl straightforward. i have been working for te years with colorado s loca banks, with rural bank throughout the mountain west who as a result of the downtur and regulation that we have pu in place after the big downtur in 09 and 08, we ve seen massive consolidation of banking industry, and we v seen the small banks having to comply with regulations that were very appropri
Years with colorado s loca banks, with rural bank throughout the mountain west who as a result of the downtur and regulation that we have pu in place after the big downtur in 09 and 08, we ve seen massive consolidation of banking industry, and we v seen the small banks having to comply with regulations that were very appropriate for th largest banks in america t deal with. but the small banks were reall struggling to pay the overhead to meet those regulations. that was what the bill in 2018 was intended to do, at least for my part. obviously, there wer provisions in there for the fe to exercise its discretion o banks the size of silico valley bank, which by the way, is eight times or more the siz of things that we re talking about in colorado and rura america, which have only gotte more consolidated, more gobble
President macron and his wife arriving for the downtur dinner. the leaders are trying to lower tensions over european defense. their meeting coming during a weekend ceremony in france marking 100 years since the end of world war i. chief white house correspondent john roberts is live in paris with more. john? reporter: arthel, good evening from paris. president trump will be leaving very shortly where he will join with french president emmanuel macron for that dinner, commemorating the 100th anniversary of the end of the great war, the first world war. the president was supposed to take part in ceremonies at the cemetery, the american cemetery, about 50 miles outside of paris today. his helicopter was grounded because of bad weather. there was no other alternative to get him there. you don t want to drive the president 50 miles through the french countryside with a