the federal government is now stepping in to calm financial panic over the failure of two u.s. banks. the biden administration announcing it will extend a federal backstop to all the banks deposits. treasury officials push back on the idea this was a bailout saying the burden is not borne by the taxpayers. we ll hear from president biden moments from now. water everywhere, causing chaos across central california. warnings of intense sustained flooding in the days ahead. it s unimaginable. folks, we are not done yet. former vice president mike pence telling a crowd in washington that history will judge donald trump for his actions on january 6. probably not a message that will be terribly popular with republican-based voters. three women who live in texas are believed to be missing in mexico. we really haven t had any other incidents that i can recall. and the oscar goes to everything, where every, all at once. this year at the academy awards, the
plus this. and the oscar goes to navowni. that is well deserved as it gets. cnn s documentary on alexei navalny who is in prison in russia took home an oscar last night. the director will join us live to talk about this moment. what it means for alexei navalny, putin s jailed critic. we do begin, though, with the biden administration trying to prevent financial contagion after two banks failed back to back in the last three days. a live look now at the white house, where the president will speak this morning as the federal government takes emergency action. silicon valley bank collapsed on friday, it became the largest u.s. bank failure since the 2008 financial crisis. regulators also shut down signature bank based here in new york. we learned about that late last night. they said signature bank was on the brink of collapse and threatened the broader banking system. so at the direction of the president and the treasury secretary, the fdic is now stepping in. they ar
Primary Bank announced that Crystal Dionne has been appointed as president and CEO, with over 25 years of expertise in the financial services industry.
The U.S. Attorney’s office successfully prosecuted two separate fraud cases that involved federal funding meant to help businesses survive the pandemic.