hello, everyone. collapse and recovery. the white house steps in after two banks collapse. at this hour, families are forced from their homes after a levee breaches and more rain on the way. and also, three women who have not been heard from in more than two weeks. and thank you for joining us, i m kate bolduan. the president is trying to reassure the american people and the financial markets to avoid a full blown financial crisis after the collapse of silicon valley bank. regulators are also abruptly shutting down a bank in new york, signature bank which is on the verge of collapse. that set off a fran ik 48 hours, and the president said this. look, the bottom line is this. americans can rest assured that the banking system is safe. the deposits are safe. much more to this. matt egan, what is next for the two banks? it is shock and awe response from washington, and officials are serious about putting this fire out before it spreads elsewhere. what are they doing? the
to make sure that it is not going to be redone elsewhere aimed at the lend ing practices is this enough? the broader market likes the moves, but the regional bank, they are down sharply. first republic bank, the western alliance, and bank of hawaii, and comerica bank, and first republic bank is down, and despite just last night, they lined up new funding from the federal reserve and from jpmorgan, and so we need to watch that closely, and meanwhile, there are new question about silicon valley was allowed to implode in one place. i spoke to one customer who was expressing shock that the