, plus no way out. a judge now, says mike pence must testify before a grand jury about donald trump and january 6th. and this is a textbook case of bank mismanagement. risky business, the big mistakes that caused to us banks to go belly up threatening the global economies. good morning. welcome to our viewers in the united states and around the world. i m christine romans tonight. the city of nashville holds a vigil to mourn victims in monday s mass shooting at a private christian school, a 28 year old former student at that school killed three adults and three young children in just 14 minutes before being fatally shot by responding officers. investigators have revealed more about that attacker. the weapons used and the swift response by the first responders at the scene. cnn s carlos suarez has more from nashville. let s go body camera video from to nashville police officers showing them rushing into the covenant school on monday. me. don t know where he is. going room to r
$100 million 100 billion dollars. senator we, of course, would need to go through a notice and comment. rulemaking stand in this process, but i anticipate the need to strengthen capital and equity standards for firms over $100 billion. so what do you think, sultan? stronger regulations would look like well, they re probably going to look at two different things. the first is undoing some of the rollbacks from a few years ago under the trump administration that lucinda degree of regulatory compliance on banks and in this size range, the second is probably looking at new regulations if they can get it through congress, looking at everything from the bank balance sheet to growth to customer type and a few other mechanical issues so that the banks can be controlled in terms of their growth or contraction. regulators also suggested they re open to forcing svb executives to return their
officer at the f d i c sultan. meggie. nice to see you. thank you for joining us again. hey thanks for having me. what s your biggest takeaway from yesterday s hearing. well, the biggest one was that over the course of two days over $140 billion was expected to leave silicon valley bank and that s what directly led to the closure. i think we all knew it was a lot of money. i don t think we realized it was quite that much. we also heard from officials there about how quickly it spread right you re talking about, you know, venture capitalists on social media, asking the companies that they were funding to move their money out. i mean, that was something we haven t seen in a bank run before. we haven t you know the power of technology cuts both ways and certainly the power of social media and slack and discord, and all the other technologies allowed the ripple effects of this to happen far faster than the bank or the regulators were prepared. here s what the vice chair of the fed said whe