About the collapse of silicon bank west church of the largest Bank Failures in u. S. History. Congressman mchenry discussed the role the Federal Reserve and the Deposit Insurance Corporation Bank Regulation of Risk Management. This event as hope and by the brookings institution. Kground noises] [background noises] good morning everybody. Im director on fiscal and Monetary Policy and be half the hutch and Center Center on me you to this event both the people in the room and the people watching remotely. Our subject today is what lessons we have learned from the really interesting efforts of march 2023. A year ago the glol Financial System suffered the most significant banking stress since the Global Financial crisis of 2007 and eight. As you all probably know if event Silicon Valley bank failed prompt and the fdic to take it over the middle of the dayay could not even make d it to the weekend which is as a one off event. Silicon valley was certainly for lack of a better term unusual. Th
Housing affairs will come to order. Thanks to the new deal and the hard work of our regulators today, most Bank Failures of course never a good thing or generally not a big deal but the quick collapses of Silicon Valley bank and Signature Bank were no ordinary failures. In less than a day, Silicon Valley Bank Customers pulled 42 billion dollars out of the bank fueled by Venture Capitalists and their social media accounts. They created the largest and fastest bank run in history in the following days Signature Bank lost 17 billion dollars. Regulators both republicans and democrats came to gather to prevent the panic from spreading. They increase liquidity, they promoted confidence in our Banking System, they protected deposits of customers and Small Businesses not notably the investors the investments of executives and shareholders. I spent that weekend on the phone with ohio Small Businesses and banks and credit unions. While Small Business owners simply wanted to make payroll. They di
shutdown silicon bank. deforestation in brazil presents a dilemma for the administration. the amazon is talking. deforestation in the amazon region reaching record levels last month. there has been an increase of more than 60% in the area of forest destroyed. most of the soybeans in the countries are produced south of the amazon. deforestation there is a staggering 99% in one year. nations exploit that to ramp up deforestation. the numbers painta that to ramp up deforestation. the numbers paint a difficult picture for the president. after years of searching deforestation under his predecessor he pledged to end illegal logging. we predecessor he pledged to end illegal logging- predecessor he pledged to end illegal logging. we have “ust left behind a illegal logging. we have ust left behind a movement illegal logging. we have just left behind a movement that - illegal logging. we have just left i behind a movement that supported deforestation. but behind a movement that s
attacks. benjamin hall was working around the clock to bring all of us real information on the ground. more on the ground is in kyiv tonight, the capital ukraine, fox s home, benjamin hall, benjamin, what s going on tonight? well, sean, you would have to look back today and see what we ve seen is a continuation, if not an escalation of what we ve seen over the last week. increasing number of attacks on civilian areas. an attempt to get humanitarian aid in the surrounded cities and the inability for people to get out of them. just a few days later, on march 14, hall was on a fact-finding mission on the outskirts of ukraine with two other journalists, pierre and sasha when they were viciously attacked by russian forces. pierre and sasha was killed and hall was left fighting for his life. here s jennifer griffin. a word about our colleagues, the loss and pain we feel is enormous, but if ever there was a time that the world needed journalist reporters risking their lives
cnn newsroom. hello, i m bianna golodryga. a powerful winter storm is related to two storm-related deaths. i m victor howell. and we have this video of waters rushing through springfield in central, california, and the weather is getting worse by the minute. residents are being urged to get to higher ground for their safety. parts of interstate i-80 had to be shutdown because of failed water pumps. and we go to nick who is there on the scene for us. what is behind you there? well, since we have last spoken, we have moved from felton to santa cruz, and what you are seeing here is an earth mover trying to build a makeshift road. this road was washed out at 2:00 a.m., and i m afraid to they i was up and about that time, the rain was biblical. just washed this road away, and you see the gas lines are still there, and there was until 30 seconds ago a forlorn palm tree over my shoulder, and the earth mover just pulled it down and emblematic of what is happening in california