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we ll get access to all thei money, starting monday more details in just a moment. then, empty words from mik pence, he wants history to hol donald trump accountable for january 6th, but refuses t testify against the ex president. and then, two gop le committees are on the ropes, but me moments ago, treasury secretar janet yellen released statement along with the federal reserve in the fbi and see on this silicon valley bank saying, quote depositors wante access to all their mone starting monday, march 13th, and no losses associated wit the resolution of silico valley bank will be borne by the tax perry. this means that the taxpayer will have access to all th money starting tomorrow also announced it you are seein future bank was closed, and deposit is there would also be made whole the rapids demise of silicon valley bank, began with th surprise announcemen wednesday. you need to raise over two billion dollars to keep up its balance sheet, within 24 hours depositors ha ....
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 ....
pete: yes, it s like selection sunday. yes, no, yes, no, yes, today. you know why, because my family does our draft off selection sunday on monday. march madness begins and we have our fox & friends branded sports court. rachel: that s amazing. pete: do you shoot hoops? joey: no, we didn t have enough concrete where i lived. it was all gravel. rachel: i m tight feet so basketball is not my game. but i m excited on the square and also i m excited about house fire, which house fire is performing for faith and friends concert series leading up to easter every weekend and leading up to easter, there s great faith-filled music bands and today is house fires. so they ll stay with us for that. joey: walked in at 5:00 a.m. and they sounded beautiful. thought they brought a band to say hey to me. rachel: like pete said, it s like a church. pete: stick with it, it s great. joey: we re beginning with a fox business alert, the collapse of silicon valley bank stunning the global f ....
known as black beach where the most secluded beaches in san diego. the vessels during the migrants those are small open outboard engines. they usually say use for smuggling. because of the overnight thick fog in the year that has delayed the search for more victims. crews are hoping to use helicopters once those weather conditions improve. arthel: forming acting ice director tom will join us in a moment but first let s go to bill he is alive in mission, texas with the very latest on the search, bill. what s arthel come good afternoon here for unfortunate this is looking like at another human meddling in smuggling that gone wrong turn deadly we ve seen this happen over and over and over again. at the southern border during the border crisis latest death tallied so far, eight people. you take a look at video this happened late last night. you guys mentioned there are still seven people missing after these boats crashed into each other. that death account can potentially g ....
it be? billionaire if investor bill ackman tweeted last night, sillen con valley bank customers will get around 50% monday/tuesday, and the balance realized over the next 3-6 months. if this proves true, i d expect bank runs monday morning. no company will take even a tiny chance of losing a dollar of deposits as there s no reward for this risk. after the systemwide fdic system deposit guarantee, more bank runs begin monday a.m. a whole lot of officials including treasury secretary janet yellen are trying to calm fear today. she points out it s highly unlikely, take a listen. the american banking system is really safe and well capitalized. it s resilient. we want to make sure that the troubles that that exist at one bank don t create contagion to others that are sound. svb s one of the top 20 commercial banks in the country with over $200 billion in assets. current customers include shopify, etsy, fitbit, roku and ziprecruiter. here s house speaker ken mccarthy on ....