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CNN CNN Newsroom July 6, 2024

we begin with a wide-ranging attempt to restore americans confidence in the u.s. economy, after weeks of troubling financial indicators. treasury secretary janet yellen spoke under oath today to answer questions about the controversial actions she and the federal government took to rescue silicon valley bank. our banking system is sound and that americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate our resolute commit to ensure that our financial system remains strong. yellen also said that no taxpayer money is being used to reimburse those depositors. more on her testimony in just a moment. but first, let s check object markets right now. stocks are surging on word that major banks are in talks to rescue ailing first republic bank. cnn s matt egan is here with us. so talk about this potential rescue of first republic bank. yeah, bianna and victor, over the weekend, we had this government-led rescue. ....

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CNN CNN Newsroom June 4, 2024 18:02:00

yeah, bianna and victor, over the weekend, we had this government-led rescue. now it looks like we have an industry-led rescue in the works for first republic bank. that is this regional bank, it s based in san francisco. has almost $200 billion in deposits. now, a person familiar with the matter confirms to cnn that first republic bank is in talks to get a capital infusion from big banks. a group of big banks, that includes bank of america, jpmorgan, citigroup, and wells fargo. now, this news first reported by the wall street journal has been given the financial equivalent of a standing ovation over on wall street. regional banks were plunging before this news came out. they ve all turned higher. big banks are up. the broader stock market was down on the day. it s moving higher. the regional banks up 11% there, first republic. earlier this morning, it was down 36%. that is quite the turnaround. now, we should note that no deal has been announced just yet. all of the banks, they ar ....

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Detailed text transcripts for TV channel - MSNBC - 20121103:13:29:00

Government-led rescue in 2009 is pretty popular in ohio. popularity is an obstacle to mitt romney who opposed a key part of the rescue when initiated by the bush administration and now finds himself with a stubborn polling deficit in a state he more or less has to win to win the presidency. so, the romney campaign has e a escalated their attempts to rewrite the history of the auto rescue and are now simply making things up about the current auto industry that exists today. they claim that president obama sold chrysler to italians who plan to build jeeps in china. who will do more for the auto industry? not barack obama, fact checkers confirm his attacks on mitt romney are false. the truth? mitt romney has a plan to help the auto industry. he s supported by lee iacocca and the detroit news. obama took gm into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. i m mitt romney and i ....

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