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just ahead on cnn newsroom what we re living in today is a very traditional run. making sure people can make payrolls and making sure depositors can taken care of. is that what you want for families and jobs? cnn meteorologists predicting more for california, unleashing heavy rain and snow once again. from london, this is cnn newsroom, with max foster and bianca nobilo. it is monday, march the 13th. 8 4:00 amy in washington, d.c., and president biden is promising all customers will have access to their money starting today. mr. biden also promising to hold the banks fully accountable. here in america, hsbc has announced buying the treasury bank. and janet yell assured americans they will make sure this doesn t happen to another bank. we want to make sure that the shortfalls that exist in one bank don t create contagion to others that are sound. and the goal always of supervision and regulation is to make sure that contagion can t can t occur. ....
saturation event. legal jeopardy? former president trump stumped in iowa with his former victor set to talk to prosecutors about their hush money investigation. plus roman catholics mark a milestone. it s been ten historic years since francis became pope. and later, they are on the frontline in ukraine s fight to preserve its culture. why the show goes on, despite russia s war. why is it so important to step in? translator: we want the world to see that ukraine also has its own incredible culture. announcer: this is the cbs weekend news from new york with gent duncan. the debate over the collapse of the silicon valley bank intensified hours after markets opened worldwide, and as companies braced for payroll challenges on monday. biden administration officials expressed confidence that the u.s. financial system remains safe skpp sound and that depositers should not be worried about losing their money. skylar henry is at the white house tonight with the la ....
the financial crisis, there were investors and owners of systemic large banks that were bailed out, and we re certainly not looking at the reforms that we put in place means that we re not going to do that again, but we are concerned about depositors and we re focused trying to meet their needs treasury secretary janet yellen commenting on one aspect of the biggest bank collapse since 2008 we ll break down what s happening with silicon bank in just a moment. plus, we ll bring you mining pence s strongest criticism yet of former president donald trump. those comments came off camera we ll have them for you. and my new reporting on the growing differences behind the scenes between washington and kyiv and the growing of the war and how and when the conflict may end. good morning and welcome to weathe way too early on this monday i m jonathan lemire. president joe biden will address the nation following the second largest bank failure new state history. at 9:00 this ....
it s 10:00 a.m i m lindsey reiser at msnbc headquarters in new york we re following a lot of breaking news on this busy monday morning, including president biden assuring the country our financial system is safe amid heightened fears of a banking crisis after the collapse of both silicon valley bank and new york-based signature bank americans can rest assured that our banking system is safe. your deposits are safe let me also assure you we will not stop at this we ll do whatever is needed. the government is taking extraordinary new steps to ensure customers will have full access to their money, a major move by the treasury and the federal reserve to shore up the banking system and prevent the panic from spreading to other banks. plus, a promise no losses will be shouldered by taxpayers and officials will hold the people responsible fully accountable. more on this in moments and what you need to know about your money. plus, no-show. donald trump s lawyers say ....
out the second largest failed bank in u.s. history we re going to have the latest on this developing financial crisis. tell you what, it was a crazy weekend. yesterday, the white house working along with people across the financial industry, doing everything they could to stop a meltdown. yeah. and it looked in the early afternoon like that meltdown was coming they understood that china s markets were going to be opening at 8:00, 9:00 at night, and they had to get things lined up before then so the asian markets didn t collapse, which would cause u.s. markets to collapse this morning it was touch and go, as you know. yeah. because we were on a lot of calls yesterday afternoon. it was touch and go for quite some time. it looks like, for now, they ve stemmed the bleeding but this, for a while, was looking like it could spread much like 2008. absolutely. meanwhile, mike pence finds the courage to speak out on donald trump, but only behind closed doors and off ....