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Transcripts For KPIX CBS Evening News With Norah ODonnell 20240706

alleges she was harassed at the texas base. parent company of phil silicon valley bank is filing for chapter 11. [bell rings] meanwhile, the stock market took another beating tonight. selling their banking y st. patrick s day. millions celebrated with parades, beers, and decade-long presidential tradition. i a t you ve never know mike ever met who has never had a drink. norah: march madness continues, and the women s tournament tips off. gets the dump off. norah: good evening, and thank you for joining us on this friday night. tonight, the fbi and justice department are investigating tiktok s chinese parent company for potentially spying on american citizens. plus, it s friday, so we go on the road with an artist whose talent has given him a new lease on life. but first, the extraordinary announcement today about russia s leader, vladimir putin. the international criminal court at the hague issued an arrest warrant for the russian president for war crime

Transcripts for KPIX CBS Evening News With Norah ODonnell 20240604 22:31:00

alleges she was harassed at the texas base. parent company of phil silicon valley bank is filing for chapter 11. [bell rings] meanwhile, the stock market took another beating tonight. selling their banking y st. patrick s day. millions celebrated with parades, beers, and decade-long presidential tradition. i a t you ve never know mike ever met who has never had a drink. norah: march madness continues, and the women s tournament tips off. gets the dump off. norah: good evening, and thank you for joining us on this friday night. tonight, the fbi and justice department are investigating tiktok s chinese parent company for potentially spying on american citizens. plus, it s friday, so we go on the road with an artist

Transcripts for KPIX CBS Evening News With Norah ODonnell 20240604 22:38:00

financial day in the red. and silicon valley bank filed for bankruptcy today, as the s s nancy cordes has more from the white house. [bell rings] reporter: if there is a contagion brewing, first republic bank is now patient 0. its stock price plunged another 33% today, after s&p downgraded the bank s credit rating amid fears of a customer exodus. speak altogether, i decided to close this account. is not a big money but still money, especially for retired people. reporter: first republic is not the only midsized bank suddenly raising a crisis of investor confidence. pacific western bank tumble 66%, western alliance bank 57%, despite balance sheets that look better than silicon valley bank stated before it failed last friday.

Transcripts for KPIX CBS Evening News With Norah ODonnell 20240604 22:39:00

there is a smoldering fire that has nothl r ss banks across the country are looking to boost their cash reserves. u.s. banks borrow more than $150 billion from the federal reserve this week alone. a new record. what does that tell us? tells us the banks are really scared about the amount of deposits that are leaving. reporter: the white house called on congress today to find and claw back compensation from top bank executives when their banks fail. the ceo of silicon valley bank reportedly sold more than $3 billion worth of stock, just days before the fdic s was forced to take over. one thing lawmakers say they do want to do is determine whether federal regulators could have done more to stave off the collapse of silicon valley bank and avoid all of this turmoil. to that end, tonight, they are announcing their first hearing on the matter later this month,

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