Surveillance. Thee a lot going on in markets. After this attack on an iranian tanker, you can see crude oil gaining 2 . Is at 64. 53. Gaining andrently the pound is at 1. 2 460. We are also getting headlines outlook iea cutting its as the economy eclipses the saudi attack. They are pointing to a little bit of Downside Risk in the worldwide economy, saying that will impact demand. Lets get straight to the bloomberg first word news in new york city. Quote very well. Thats how the first day of trade talks went according to donald trump. Today, he plans to meet beijings top negotiator. These are the first highlevel talks since july. But sides are working to end the 18 month long trade war. Besides appear willing to agree to a partial deal and would leave controversial issues for the future. And two associates of the president s personal lawyer are accused of violating Campaign Finance laws as part of a plan to oust the u. S. Ambassador. This scheme is part of the u. S. House impeachment in
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
Government after that wonderful panel. Im delighted to have travis hill, the vice chairman of the sdi c. The vice chair is a friend and has outed himself as a very unique and thoughtful voice in town. Thank you so much for joining us. I know you are busy i really appreciate it. Thanks for having me its great to be here. Silicon valley bank was a major event in the banking sector. Maybe i should start by you getting your perspective as to some of your drivers and perception of the policy response. Whats been good and whats been bad thus far . Maybe i will start with the first part of the question, in terms of the drivers i think its a very simple y in 2020 had 2021 the Banking Industry ry experienced an enormous explosion of money coming into the system in response to the unprecedented government stimulus resulting from the pandemic. The growth and deposits far outpaced the loan demand slow a lot of banks did was invested in new funds in government bonds. Silicon valley bank was really
i m bianca nobilo. everyone needs to be held accountable, everyone needs to be held to the same standard of the law. team trump apparently has information regarding trump s credibility. credit suisse in ways unrelated to the united states. we do know financial security has tlaebed that has become an already strong economic recovery. live from london, this is cnn newsroom with max foster and bianca nobilo. it s a monday, march the 20th. 8:00 a.m. here in london. 4:00 a.m. in new york where a grand jury is expected to indict former president donald trump any day now. the case is recommended to an alleged hush money payment made to adult film star stormy daniels. at least one more witness is expected to testify in the probe which could delay the indictment. attorney is expected to here from the legal attorney for michael cohen. and could testify to offer a rebuttal. every single thing that i have said so far has been, first of all, found to be accurate and tr
Corporation chair martin apologized and said he took full responsibility for deepseated Workplace Culture issues at the fbi see during fdic. This is about 90 minutes. The committee will come to order. The hearing today is entitled oversight of credential regularities. One additional comment for members about the schedule. This hearing has a hard stop at 2 00 p. M. So we will not go past 2 00 p. M. So now, i will recognize myself for four minutes to give an Opening Statement. There is plenty to discuss. You are first up. And we all know why. You have filled your employees. Your agency and the american people. The fact that you have not yet resigned proves you take no responsibility for your actions and the words you have used so far make it clear you take no spots abilities for your actions. Showing up today is not an act of courage, its an act of hubris. Hubris. Last week, we were confronted with a report. This includes your verbally abusive behavior. This is beyond partisanship. It is