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silicon valley bank collapsed on friday, and the government of the state of new york shut down signature bank last night, claiming signature was on the verge of collapse. the federal government has since taken over that bank. president biden rushed out to the cameras this morning before the markets could open to try to calm the american people. he insisted there s no need for the public to worry, that their money is safe and the economy will not suffer. america can have confidence that the banking system is safe. your deposits will be there when you need them. every american should feel confident their deposits will be there if and when they need them. let me also assure you we will not stop at this. we ll do whatever is needed. the concern now is whether this was just the first part of a larger financial crisis and whether other banks or the markets will take a major hit in the coming days and the move by the biden administration to guarantee that the funds in thos ....
meeting in june, and this subpoena essentially prompted this meeting where we know that the trump lawyers gave a little tour to some of the prosecutors and investigators doing this investigation, showed them where these documents were being held, and at the end of that meeting they left with classified documents, documents that were national security information. that s the reason why that meeting occurred. what it tells us is that these conversations, these discussions that were on going between trump lawyers and the justice department turned contentious much earlier, much, much earlier than the search that occurred on monday. we re also learning that part of all of this involves a witness, at least one witness. do we know, was that witness saying there s still documents you missed on june 8th? this witness told them there were definitely documents being held at mar-a-lago that the fbi needed to get, obviously wanted to get. this was information that included class ....
Should continue to run to the rescue every time bankers behave irresponsibly. our reporters, analysts and guests are standing by to cover every angle of the story. we ll start with cnn business reporter rah hall solomon. do the markets give us any clue as to whether we re at the risk of a larger banking crisis? there certainly seems to be that risk out there. the reality is we just don t know. the big banks for sure are well capitalized. take a look at some of the small to medium-sized banks. you can see jittery people out there. these are not movements that we tend to see in stocks. these are dramatic falls. the concern with some of these regional banks is they could be facing some of the same risk factors that ultimately brought down svb in terms of sitting on customer deposits that aren t ....