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tedious, tnt, and trutv, as well as on cbs. good luck with your brackets, and goodnight. good evening, everyone i laura coates, and welcome to cnn tonight. look, it s being called the first twitter fueled bank ran. customers withdrew 42 billion dollars. yes, i said billion with a b. it all happened in a single day just last week in silicon valley bank. the viral panic spreading on twitter, texts, and also attack group chats, which raises a ton of questions, like where do we get our information in who we trust with that information and what happens the next time? plus, what exactly is the mission of a women s college. now, the answer may not be as obvious as you may think. one of the top women colleges in this country, hillary clinton s alma mater, wellesley college, they re now divided over whether to open admission to all nine binary and trans inter sudan s, including trans men. we ll discuss all of that tonight. and in pre-pandemic times, they call out the olden d ....
kev kev quite a date here in the nation s capitol. good evening, trace. breaking tonight, investors in silicon valley bank have already taken legal action to recoup their losses after, of course, the bank collapsed on friday despite the class-action lawsuit and a volatile day on wall street. as you pointed out, the president wants americans to believe our financial institutions are, in fact, secure, while also being careful to not use the banking b word. bail out. no losses will be born by the taxpayers. instead, the money will come from the fees that banks pay into the deposit insurance fund. reporter: while the fdic insures bank deposits to a quarter of a million dollars, nine of 10 depositors of xeb had more than that amount in the bank. still, the administration says they ll be covered. nothing to worry about. that also includes customers of new york-based signature bank which also collapsed over the weekend. the third largest bank failure in american history. s ....
have been ringing the alarm bell for years. we begin with this fox news alert. john: president biden heading to california this hour after giving an update on the sudden collapse of silicon valley banks. the president sought to reassure americans, all while taking shots at top bank executives and republicans for the failure. welcome back as america reports rolls onto us again our appeared happy monday, sandra. here we go again. sandra: i m sandra smith in new york. the news continues. 2:00 on the east coast. sounding off on the handling of this banks collapse. nikki haley offering their take on all of that as they gear up for their 20202024 run. john: out with a warning about the future of guaranteeing deposits. politically, it s going to be impossible not to extend the same full, unlimited deposit guarantee to all banks. once you do it for one bank, it is hard not to do it for ano another. john: let s get straight to peter doocy, waiting president biden s a ....
policy is working at cross purposes. what s your reaction to what liz truss has said this morning? what impact is the turmoil in the economy having on you? get in touch with your concerns via twitter @annitabbc and use the hashtag #bbcyourquestions two million people are left without power as one of the most powerful storms in us history hits florida s southwest coast. the gangsta s paradise rap star, coolio, has died at the age of 59. and scientists find evidence that dogs can read our mood by using their powerfull sense of smell. the prime minister, liz truss, has been speaking to the media about the economy for the first time since her government s tax cutting mini budget. she s defended her strategy, saying decisive action had to be taken, and the measures were needed to get the economy moving. however she conceded that growth wouldn t come immediately. her comments came as the former governor of the bank of england, mark carney, criticised the way the government pr ....
in us history hits florida s southwest coast. the gangsta s paradise rap star, coolio, has died at the age of 59. and scientists find evidence that dogs can read our mood by using their powerfull sense of smell. hello and welcome if you re watching in the uk or around the world. the british prime minister, liz truss, has been speaking to the media about the economy for the first time since her government s tax cutting mini budget. she s defended her strategy, saying decisive action had to be taken, and the measures were needed to get the economy moving. however she conceded that growth wouldn t come immediately. her comments came as the former governor of the bank of england, mark carney, criticised the way the government promised big tax cuts, without giving any costings or economic forecasts. mr carney accused the treasury of undercutting the country s financial institutions. the value of the pound has plunged since chancellor kwasi kwarteng s announcement on friday. ye ....