leaves more questions than answers. did the government step in at just the right time or over step with what critics say is another bank bailout? it s not free. it comes with costs. plus, are more banks in danger of collapse? there s just panic. concerns spread to bigger institutions. can you squeeze under the pressure? as bank stocks take a rollercoaster ride. and regulators faced with a dilemma. were they asking the right questions? were they keeping an eye out for this? fight high inflation with rising interest rates. or back off to calm down the troubled banking industry. you can now be rescuing banks and hiking interest rates. bank bust. what s next for america s money? on cnn primetime. good evening, everyone. i m poppy harlow. just one week ago, america s 16th largest bank was up and running, everything seemed fine. tonight, it is collapsed and in government hands. and fears over the broader banking industry are now global. the swiss banking giant a
miles away. that s where the web space telescope attention of astronomers and space fans everywhere. according to nasa, the star, w r 1 to 4, among the biggest and most radiant stars known, is about to die. before going supernova. supernova s, as you may know, are the hottest, brightest objects in the night sky. the stars surrounded by cooler, glowing halo of gas and dust, a lot of it equivalent to the mass of ten of our sons. the mass comes from the starts off, which now is a mere shadow of its former self. and now only ways the same as about 30 sons. my mind is blown. the news continues. we want to head over to what s next for america s money. poppy? tonight, a banking crisis leaves more questions than answers. we had a old-fashioned bank run. did the government step in at just the right time? the banking system is safe. or overstep with what critics say just another bank bailout? plus, are more banks in danger of collapse? concern spreads to bigger in
hello, everyone. welcome to cnn newsroom. and i m john berman. victor is off this froop. and we begin with president biden s dramatic overnight move to dparnguarantee the money is e bank. this comes after the failure of two banks. today the president announced regulators are taking them over, but unlike what was seen in 2008 the u.s. will cover only bank customers not bank investors. all customers who had deposits in these banks can rest assured that we protect it, and they ll have access to their money as of today. that includes small businesses across the country that bank there and need to make payroll, pay their bills and stay open for business. investors in the banks will not be protected. they knowingly took a risk, and when the risk didn t pay off, investors lose their money. that s how capitalism works. svb s small businesses are thankthal for president biden s decision. i am quite relieved from what i heard from president biden. i think the administration h
right up federal regulators are scrabbling to prevent a sudden bank failure from triggering a wider financial meltdown. cnn has learned the fdic has prepared to step it and operate silicon valley bank to ensure its account holders can pay their employees in the wake of friday s sudden collapse of that banker that s according to a source with details on briefings between treasury officials and lawmakers for us just one sinner being floated at this hour with just hours left until financial markets reopen for monday trading for less tara spoke with a woman who used to silicon valley bank to run her small business per she says she is not her yet from any bank or federal official about the status of her money, here s what she had to say. note direct communication from anyone at this point. so i m in close communication with a lot of other founders and business owners. and we are trying to share all the information we can find during our own research and piecing it together. fran
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