the edge of collapse giving a mass cash infusion by other banks, in a moment, i ll speak to a nobel prize winner who saw the banking crisis coming and called for clearly five months ago, and an out front investigation tonight, cnn finding the u.s. coast guard failed to act after two women came forward to say they were sexually assaulted on u.s. ships. the damming report from pamela brown ahead let s go out front. . good evening i m erin burnett. we re seeing for the first time how ukrainians are storming homes in bakhmut homes russians have been hiding soldiers come in and start firing according to the ukrainian unit which recorded this footage, they fire, because they say quote i they they ever know for sure if there s a wounded russian in the house who wants to take you with them. and you can see in this video how they may carefully approach another home. go inside, you see immediately open fire as they go in. according to the battalion by time they reached the neighborh
welcome to our viewers on pbs in america and around the globe. the swiss central bank has agreed to provide a loan of more than $50 billion to the troubled banking giant, credit suisse, if needed. shares in the bank have plunged 24%, sparking a wider sell off in european stocks, which closed down more than 3%. it comes days after the failure of silicon valley bank in the us. our correspondent, michelle fleury, has more. hopes that the problems of us banks would stay in the us have not panned out. shares in switzerland second largest bank credit suisse dropped to record lows. we should point out that credit suisse is a bank that has been terminal for years. credit suisse is a bank that has been terminalfor years. as one analyst put it it has been a slow moving car crash. two new things have happened to spook investors. the bank said there was material weakness in its financial reporting and its top supporter ruled out lending it any more money. all this adds to concerns about
good evening. tonight, the latest on banking system troubles that appeared to be easing yesterday but came rumbling back this morning. deeper trouble than previously thought. then, kim news that two tragic credit rating firms had downgraded. markets plunging this morning, and that they gained back some ground by the close, the still ended the day down significantly. shares of regional banks, including first republic, were down sharply, and first republics case by more than 21%. big banks that are tightly regulated also took a hit, with citigroup shares more than 5%. good morning the moment on what this means to market economy, your money christine romans will be with me for that. first, we re joined by vermont senator bernie sanders, who chairs the senate labor and pension committee. so sanders, how much confidence you have in the banking system right now? should people what should be worried about their bank in their savings? i think we re all concerned about w
alone welcome to our viewers joining us here in the united states and all around the world, i am rosemary church. just ahead on cnn newsroom, a tanking swiss bank gets a lifeline, but nervous markets are taking a beating as fears of a broader financial crisis whom. is it safe to fly right now? after a series of near runway misses and no clear answers on why this keeps happening, u.s. aviation authorities host a rare safety summit. plus, georgia investigators have another reporting of donald trump pressuring a state official to overturn the 2020 election. live from cnn center, this is cnn newsroom with rosemary church. good to have you with us. global markets are jittery another bank teachers on the brink of failure, but credit suisse will be getting a helping hand from a swiss national bank as it plans to borrow up to 54 billion dollars in the hope of reassuring investors. now this comes after two credit rating firms downgraded americas first after concerns that deposit
that panic can spread to other banks, it is called contagion. the fed has to tip toe very carefully through what is certainly a mine field at this point. donald trump lahad a very specific strategy and approach. at the end of the day donald trump needs to be held accountable for hils dirty deed. we have absolute evidence of the contact and it was very aggressive. it is important that great powers be models of transparency and communication. live from london, this is cnn newsroom with max foster and bianca nobilo. it is thursday, march 16, 5:00 p.m. in tokyo, 4:00 a.m. in new york where all eyes are on global stock markets as they react of yet another bank collapse. and here is how u.s. futures are looking. as you can see, everything is ticking up after was what was a very volatile trading session. credit suisse will borrow up to $54 billion after a slump in its shares left investors on edge. saudi national bank rolled out further support. credit suisse s