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CNN The Lead With Jake Tapper July 6, 2024

failed within three days of each other. that led credit for moody s to downgrade its outlook for the entire u.s. banking sector. and those worries skyrocketed today because of troubles facing the global investment company credit suisse. the saudi bank failed to rule out giving funding to the already embattled company that combined with the recent u.s. issue sent stocks falling. i want to bring in business reporter rahel solomon, rahel, walk us through what happened today. well, jake, basically the mood for investors, as investors search for the next sign of weakness. to be clear, i think the nasdaq actually closed slightly higher which is interesting. but this is really just a confidence issue at this point. you can see that reflected very clearly in some of the bank stocks. i want to point your attention to some of the regional stocks, jake, you and i have talked about already. first republic bank off 21%, pac-west off 5% on top of the losses. it s been a rough go fo ....

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CNN The Lead With Jake Tapper June 4, 2024 20:03:00

Suisse. what did they say? and might that work? well that is the big question, right, this comment, this statement coming out about 30 minutes ago from swiss regulators essentially from the smb and the signature bank, i.e., svb do not pose a risk for the financial markets. here s what s perhaps most important, jake. credit suisse meets the requires on requirements imposed, it looks called but the most important thing. if necessary, the swiss bank will provide with liquidity. you re getting assurances there with the national bank much like we saw with the federal reserve. rahal, thank you for that. phil mattingly joins us live. phil, you ve been speaking to officials at the u.s. treasuretry department. what s their plan? what rahel just read off track what is officials are ....

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