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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. ....
Arlette saenz has the latest details from the white house. reporter: the biden administration took extraordinary steps on sunday to assure that all depositors working with silicon valley bank would guarantee they had it monday. the announcement came from a meeting with the fdic and the federal reserve and also observed the closure of another bank, signature bank in new york. protections being offered to depositors with silicon valley bank would be extended to that bank as well. it came at a time when there were many questions by gh depositors would have access to money. only assured $250,000 being held at the bank. and the majority of customers had more money than that in their accounts. ultimately, this move will ensure that all depositors will be able to access their money at a time when there are questions about how people would run their ....