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Mar 16, 2023
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janet yellen will be on hill in an hour testifying. it's supposed to be the budget but you know there's going to be questions about the banking system. >> we'll see you tomorrow? >> yes. >> see you tomorrow. >>> cnbc "newsn "newsroom" star after this. it's not too late for another treatment option. to learn more visit treatted.com. that's treatt-e-d.com. only at vangua, you're more than just an invesr—you're an owner. weot this, babe. that means that your dreams . d our financial planning tools can help you reach them. that's the value of ownership. every day, millions of things need to get to where they're going. and at chevron, we're working to help reduce the carbon intensity of the fuels that keep things moving. today, we're producing renewable diesel that can be used in existing diesel tanks. and we're committed to increasing our renewable fuels production. because as we work toward a lower carbon future, it's only human to keep moving forward. introducing the new sleep number climate360 smart bed. the only smart bed in the worl
janet yellen will be on hill in an hour testifying. it's supposed to be the budget but you know there's going to be questions about the banking system. >> we'll see you tomorrow? >> yes. >> see you tomorrow. >>> cnbc "newsn "newsroom" star after this. it's not too late for another treatment option. to learn more visit treatted.com. that's treatt-e-d.com. only at vangua, you're more than just an invesr—you're an owner. weot this, babe. that means that...
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now as this was happening, fed chair janet yellen spoke to congress saying the u. s. banking system remains sound. now let's get some insight from wall street on these developments. yes. call to joins me from new york. hi jens. yes. how worrying is what's going on with 1st republic? yeah, maria, desperate time stephan at lee call for desperate to measure says so when we got to word that obviously i'm almost a dozen of from usaa banks are jumping him to an end to get a deposit to 1st republic him that did definitely cause so quite it would change, sure, but then again, i mean to think about it as sort of competitors helping another bank to stay afloat . that is of what i would call a desperate measure. i mean, the stock did turn around into is saw some decent gains in the so stay station. but now in after our trading, the stock is actually down again a buy at 20 percent of the management and hinted that it's not going to pay any a dividend. so those are definitely pretty uh why hooks. i'm said we're seeing right now in the financial system while times and janet yell
now as this was happening, fed chair janet yellen spoke to congress saying the u. s. banking system remains sound. now let's get some insight from wall street on these developments. yes. call to joins me from new york. hi jens. yes. how worrying is what's going on with 1st republic? yeah, maria, desperate time stephan at lee call for desperate to measure says so when we got to word that obviously i'm almost a dozen of from usaa banks are jumping him to an end to get a deposit to 1st republic...
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Mar 17, 2023
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and it came the same day treasury secretary janet yellen tried to reassure americans their money is safe. so, jarred hill is in new york with more on all of this. jarred, good morning. >> reporter: good morning, anne-marie. as wall street is preparing for its final trading this week, those mixed futures show that it is not really clear how good of a job the secretary and the white house have done at reassuring the markets that the banking system is solid. regardless of whether the system is stable in reality. u.s. stocks soared thursday after 11 major u.s. banks injected $30 billion into california-based bank first republic. it is the third rescue of a regional bank in less than a week. federal regulators took over silicon valley bank and signature bank just days ago. for some first republic customers, this move comes too late. >> altogether i decided to close this account. >> reporter: while others like actress morgan fairchild say they're sticking with first republic. >> i love this bank. i haven't taken my money out. i don't intend to take my money out. >> reporter: treasury secretary
and it came the same day treasury secretary janet yellen tried to reassure americans their money is safe. so, jarred hill is in new york with more on all of this. jarred, good morning. >> reporter: good morning, anne-marie. as wall street is preparing for its final trading this week, those mixed futures show that it is not really clear how good of a job the secretary and the white house have done at reassuring the markets that the banking system is solid. regardless of whether the system...
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Mar 16, 2023
03/23
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to hear janet yellen say today everything is a-okay i don't think so. go look at chart of kre, the regional bank index. no, not everything is okay. i do wonder if they're going to have to save somebody else as we move forward. liz: the kre is up 3.6% but the high of the year had been 73 bucks. we're at 46 right now. >> yep. liz: as they say john, bailouts only encourage the very behavior that makes bailouts necessary but let's talk about the opportunity, not just for the big banks but for the smaller investors right now. where are you investing? >> i think you have to be a portion of your portfolio needs to be in polled,. liz: really? >> gold does well when interest rate go down, times of crisis, gold will act as a safe haven. we have both of the situations potentially right now. interest rates are coming in. the worst situation for gold that interest rates rise. the drama will build until the march 22nd fomc meeting, do they decide to raise rates to cut inflation, or provide liquidity in the system to prevent further stress? the finance hal system. liz
to hear janet yellen say today everything is a-okay i don't think so. go look at chart of kre, the regional bank index. no, not everything is okay. i do wonder if they're going to have to save somebody else as we move forward. liz: the kre is up 3.6% but the high of the year had been 73 bucks. we're at 46 right now. >> yep. liz: as they say john, bailouts only encourage the very behavior that makes bailouts necessary but let's talk about the opportunity, not just for the big banks but for...
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Mar 13, 2023
03/23
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here's the us treasury secretary, janet yellen. whenever a bank, especially one like silicon valley bank with billions of dollars in deposits, fails, it's clearly a concern from the standpoint of depositors, many of which may be small businesses. they rely on access to their funds to be able to pay the bills that they have, and they employ tens of thousands of people across the country. we've been hearing from those depositors and other concerned people this weekend. so let me say that i've been working all weekend with our banking regulators to design appropriate policies to address this situation. i can't really provide further details at this time, but what i do want to do is emphasise that the american banking system is really safe and well capitalised. it's resilient. that was janet yellen speaking earlier. with me is our business reporterjoao da silva. great to get you on the programme. have you seen much of an impact on financial markets, particularly in asia? the markets are so far rather muted. the japanese nikkei is down
here's the us treasury secretary, janet yellen. whenever a bank, especially one like silicon valley bank with billions of dollars in deposits, fails, it's clearly a concern from the standpoint of depositors, many of which may be small businesses. they rely on access to their funds to be able to pay the bills that they have, and they employ tens of thousands of people across the country. we've been hearing from those depositors and other concerned people this weekend. so let me say that i've...
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Mar 23, 2023
03/23
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clearly, we just brought you the headlines from janet yellen. but citi group ceo jane frazier told the economic club of washington, d.c. odd the that regional banks are, quote, well capitalized, and fitch rating agency odd the said large french banks are resilient to current market stress. they have e liquidity that is sound, buffers are strong, and they are well positioned to absorb short-term negative impacts of higher interest rates. for now the broader market doesn't seem to be too concerned at the moment. sure, the dow is down 71 right now, but let's see what our floor show team says. joining me now, our trader, teddy weisberg and bnp paris baa' chief economist. teddy doty, what happened? 40 minutes ago we were roaring ahead in the stock market, and hose the regions -- hose the regionals started to the fall again. >> well, that's right because there's still so much uncertainty out there. it's a very, very difficult environment for investors. the message is so mixeded, and behind the curtain with the financial issues with some of these regio
clearly, we just brought you the headlines from janet yellen. but citi group ceo jane frazier told the economic club of washington, d.c. odd the that regional banks are, quote, well capitalized, and fitch rating agency odd the said large french banks are resilient to current market stress. they have e liquidity that is sound, buffers are strong, and they are well positioned to absorb short-term negative impacts of higher interest rates. for now the broader market doesn't seem to be too...
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Mar 10, 2023
03/23
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. >> friday, treasury secretary janet yellen set testifies on the residence 2024 budget request. -- on the president 2024 budget request. >> senate majority leader other democratic leaders spoke about president biden's newly released budget request that totals 6.8 trillion dollars. the proposal includes a tax, increase in spilling -- and spending for the military. >> i get so used to them, i reach in my pocket when they are on. first, my colleagues join me in wishing leader mcconnell a speedy recovery. we hope he returns to the senate very soon. ok, and thank you for coming out today for -- as you are heading out for the for the weekend. it's a good day to be here in washington and particularly here when president biden lays out our vision for the country. his budget would impact every family from coast-to-coast. every american family is affected, and positive ways that people really want and have asked for. so this is just a great budget. it fits the needs of american families to achieve and gives them the hope and confidence that america is moving in the right direction and paying at
. >> friday, treasury secretary janet yellen set testifies on the residence 2024 budget request. -- on the president 2024 budget request. >> senate majority leader other democratic leaders spoke about president biden's newly released budget request that totals 6.8 trillion dollars. the proposal includes a tax, increase in spilling -- and spending for the military. >> i get so used to them, i reach in my pocket when they are on. first, my colleagues join me in wishing leader...
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Mar 17, 2023
03/23
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. >>> the $30 billion plan to rescue another troubled bank, and treasury secretary janet yellen today appearing before congress what she said about the safety of american banks. >>> the u.s. threatening to ban tiktok over national security fears. how the popular app's owner is responding >>> the cross-country storm, tornado warnings and hail in texas. snow in the midwest, and caught on camera, the daring flood rescue in los angeles. >>> nbc news investigates, why is this school still open near a plant the epa says emits a toxic chemical families demanding answers >>> the first big upset in march madness. the tiny school pulling off a stunner in its first tournament appearance in 40 years >> announcer: this is "nbc nightly news" with lester holt >>> good evening, and welcome, everyone the u.s. tonight offering compelling evidence that russian fighter jets were the aggressors in a confrontation with an american air force drone over the black sea this week. newly declassified pentagon video from the drone's camera captured a russian warplane spraying jet fuel directly in the path of the
. >>> the $30 billion plan to rescue another troubled bank, and treasury secretary janet yellen today appearing before congress what she said about the safety of american banks. >>> the u.s. threatening to ban tiktok over national security fears. how the popular app's owner is responding >>> the cross-country storm, tornado warnings and hail in texas. snow in the midwest, and caught on camera, the daring flood rescue in los angeles. >>> nbc news investigates,...
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Mar 18, 2023
03/23
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>> well, janet yellen has to say that because the main problem here is you're having bank runs. people are very worried about their deposits, and she needs to try to calm the environment. paul: but if they don't believe you, aren't you contributing to more lack of confidence? >> i don't know. i think the markets are worried because they know a little bit about what the balance sheets of these banks look like, and what they know is that the silicon valley bank and some of the others are not unique, that the regulators have allowed certain kinds of risk to be on the balance sheet of banks even though they said they wouldn't after dodd-frank, and banks took more risk because interest rates were kept very low for very long. they were looking for yield, and the only way you get yield in that environment to the take more risk. so that's what they did, and that's what is confronting depositors in this moment. paul: kid the they make the right decision, dan, to guarantee returns for insured depositors at these two banks? with something of an implication that it could be the same for oth
>> well, janet yellen has to say that because the main problem here is you're having bank runs. people are very worried about their deposits, and she needs to try to calm the environment. paul: but if they don't believe you, aren't you contributing to more lack of confidence? >> i don't know. i think the markets are worried because they know a little bit about what the balance sheets of these banks look like, and what they know is that the silicon valley bank and some of the others...
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Mar 17, 2023
03/23
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runs, treasury secretary janet yellen speaking on the state of the u.s. financial banking system yesterday. heres' a bit of what she said, watch. >> i can reassure the members of our committee the banking system is sound. americans can feel confident their he deposits will be there when they need them. this week's actions demonstrate our resolute commitment to ensure our financial system remains strong and that deposit depositor's savings remain safe. no taxpayer money is being used or put at risk with this action. maria: steven, with that the wall street journal writes in the editorial board section, while yellen assures banks run, janet yellen offers more assurances thursday that u.s. banks are safe and sound and we doubt even the treasury secretary believes it, certainly no one else does, writes the journal. the biggest american bank has to commit 30 billion on thursday to rescue first republic bank 15 years to the day that bear sterns collapsed. happy a anniversary the journal writes, your reaction. >> you have to distinguish this crisis from '08, '09
runs, treasury secretary janet yellen speaking on the state of the u.s. financial banking system yesterday. heres' a bit of what she said, watch. >> i can reassure the members of our committee the banking system is sound. americans can feel confident their he deposits will be there when they need them. this week's actions demonstrate our resolute commitment to ensure our financial system remains strong and that deposit depositor's savings remain safe. no taxpayer money is being used or...
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Mar 18, 2023
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you asked about the janet yellen clip and i think that is telling. there is this tension, and i don't think this is the one everyone in washington and financial regulation circles are debating, the law does not say everyone gets their deposits back automatically. when you heard that question from janet yellen and senator lankford, does a small community bank at the same treatment silicon valley bank depositors got? she answered the question in a technical manner which is basically the law says x about this and anything further, there is a determination, is this systemically important? it is not something someone wants to hear right now. there is this assumption all depositors are insured even if we say itnly goes up to $250,000. if we are going to implicitly accept that no one will lose their money, we might want to think about changing the laws to codify that and say they are all insured. if they are all insured, change other laws that have to do with the nature of banking. we are existing in this limbo space where everyone probably believes implici
you asked about the janet yellen clip and i think that is telling. there is this tension, and i don't think this is the one everyone in washington and financial regulation circles are debating, the law does not say everyone gets their deposits back automatically. when you heard that question from janet yellen and senator lankford, does a small community bank at the same treatment silicon valley bank depositors got? she answered the question in a technical manner which is basically the law says...
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Mar 16, 2023
03/23
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it is interesting to see where treasury secretary janet yellen will express. they kickoff in less than an hour. here is a preview of yellen's opening statement. i can reassure the members that our banking system remains sound and americans can feel confident, their deposits will be there when they need them. the collapse of silicon valley and banks creating wild swings on wall street. kevin o'leary will join us live. >>> a man with a machete attacks someone in a southern california gym. this unfolds in planet fitness. a hero stepped in and said he knew he had to take action. watch this. >> it happened fast and i wases not scared at that moment. i felt the adrenaline and kind of going after. the victim acted, we didn't have time to decide or think about what we are going to do. i just was involved before i thought about it. >> that man and three others were able to disarm and pin the suspect down until police got there. officials say the victim who was stabbed multiple times should make a full recovery. >>> the reporter who had his media credentials revoked, ma
it is interesting to see where treasury secretary janet yellen will express. they kickoff in less than an hour. here is a preview of yellen's opening statement. i can reassure the members that our banking system remains sound and americans can feel confident, their deposits will be there when they need them. the collapse of silicon valley and banks creating wild swings on wall street. kevin o'leary will join us live. >>> a man with a machete attacks someone in a southern california...
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Mar 13, 2023
03/23
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we go now to treasure secretary janet yellen. madam secretary, good morning. >> good morning, margaret. >> i want to get straight to it because the markets will soon reopen for trading. intervene and take emergency measures because of svb's failure? >> well, let me say america's economy relies on a safe and sound banking system that can provide for the credit needs of our households and businesses, so whenever a bank, especially one like silicon valley bank, with billions of dollars in deposits fails, it's clearly a concern. from the standpoint of depositors, many of which may be small businesses, they rely on access to their funds, to be able to pay the bills that they have and they employ tens of thousands of people across the country. we've been hearing from those depositors and other concerned people this weekend, so let me say that i've been working all weekend with our banking regulators to design appropriate policies to address this situation. i can't really provide further details at this time, but what i do want to do is
we go now to treasure secretary janet yellen. madam secretary, good morning. >> good morning, margaret. >> i want to get straight to it because the markets will soon reopen for trading. intervene and take emergency measures because of svb's failure? >> well, let me say america's economy relies on a safe and sound banking system that can provide for the credit needs of our households and businesses, so whenever a bank, especially one like silicon valley bank, with billions of...
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Mar 17, 2023
03/23
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treasury secretary, janet yellen mentioned this to jp morgan ceo jamie dimon on all on tuesday. he got off the call and rally to 10 other banks. there has been 11 banks that have chimed in on this. really it is an effort to prevent wider panic that would be detrimental to all things interest. it reflects the bifurcation in the u.s. banking system right now with the larger banks seeing huge inflows of deposits from depositors that are fearful that smaller lenders, the money might not be safe with them. it is a way of restoring, without using public need. some of those deposits can be transferred back to the regional lenders. so far, it seems to have worked with bancshares rebounding overnight. first republic climbed about 2%. it is unclear to see if this will work. it might by the bank sometime. it hasn't come without criticism. you mentioned earlier in the show, that the move provides a false sense of confidence and raises more questions and answers. we will just have to see whether this works overtime. tom: indeed, the critic therefrom bill ackman. it potentially bodes well a p
treasury secretary, janet yellen mentioned this to jp morgan ceo jamie dimon on all on tuesday. he got off the call and rally to 10 other banks. there has been 11 banks that have chimed in on this. really it is an effort to prevent wider panic that would be detrimental to all things interest. it reflects the bifurcation in the u.s. banking system right now with the larger banks seeing huge inflows of deposits from depositors that are fearful that smaller lenders, the money might not be safe...
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Mar 27, 2023
03/23
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yellen testifying this week markets this morning are rallying on this -- rescue. of all assets dow industrials up 218 points highs of the morning right now hour and a half before opening bell nasdaq up 51 s&p higher by 26 this on top of against last week as well take a look at market last week major afternoons chalked up gains nasdaq up 1 2/3% dow industrials up 1.1% s&p 500 higher by 1 1/3% european markets with firmer tone eurozone ft 100 in london up 63 cac quarante up 71, dax higher by 181. in asia overnight, will most red across the board, with the exception of japan. nikkei average up a third of one percent weak spot hong kong down 1 3/4 on a hang seng, in washington house of representatives moving forward with tiktok legislation after last week's hearing on capitol hill, more deals coming up, then in new york, the trump grand jury to reconvene today after multiple calculations last week details, this morning with congressman greb steube former federal prosecutor fox news contributor andrew mccarthy right now to break it town michael lee, pollster the presid
yellen testifying this week markets this morning are rallying on this -- rescue. of all assets dow industrials up 218 points highs of the morning right now hour and a half before opening bell nasdaq up 51 s&p higher by 26 this on top of against last week as well take a look at market last week major afternoons chalked up gains nasdaq up 1 2/3% dow industrials up 1.1% s&p 500 higher by 1 1/3% european markets with firmer tone eurozone ft 100 in london up 63 cac quarante up 71, dax higher...
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Mar 17, 2023
03/23
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janet yellen said nope. why should we be paying for millionaires and billionaires in silicon valley? no hadar how hard janet yellen sells it, it doesn't work. take a look. >> we worked with the federal reserve and fdic to protect all depositors of the two failed banks. on monday morning, customers were able to access all of the money in their deposit accounts so they could make payroll and pay the bills. shareholders and debt holders are not being protected by the government. importantly no taxpayer money is being used or put at risk with this action. >> sean: all right. it only gets worse from there. you are bailing out very wealthy americans. it's going to be your tax dollars or fees that you pay to banks as they raise these fees. also, chinese nationals that deposited money in svb, guess who predicted this? turns out if you go to 2016, then candidate trump, this is what he said in a debate with hillary clinton. >> we have the worst revival of an economy since the great depression. believe me, we're in a b
janet yellen said nope. why should we be paying for millionaires and billionaires in silicon valley? no hadar how hard janet yellen sells it, it doesn't work. take a look. >> we worked with the federal reserve and fdic to protect all depositors of the two failed banks. on monday morning, customers were able to access all of the money in their deposit accounts so they could make payroll and pay the bills. shareholders and debt holders are not being protected by the government. importantly...
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Mar 28, 2023
03/23
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janet yellen said smaller banks will be helped if they are deemed a contagion risk. do you think that clarity as been given to you by the treasury department or is there confusion about that? guest: it is a good question because what we have heard from treasury is that they would apply similar treatment to the bank experience this sort of contagion or reinstitution that it would not be limited to the sizes of institution so there have been multiple statements along the lines and that would be our expectation, community banks would similar treatment. host: let's talk to steve calling us from maine, independent. caller: good morning. how are you today? host: very good. caller: i'm calling regarding the $250,000 threshold at the banks. last week when i transferred funds to the other to take advantage of the [indiscernible] there was a way around getting that 200 for $2000 threshold. currently i have $300,000 cd on disk a few days ago and by naming beneficiaries to the account i'm able to get insured for over $500,000. as a matter fact, i have a treasury bond coming due
janet yellen said smaller banks will be helped if they are deemed a contagion risk. do you think that clarity as been given to you by the treasury department or is there confusion about that? guest: it is a good question because what we have heard from treasury is that they would apply similar treatment to the bank experience this sort of contagion or reinstitution that it would not be limited to the sizes of institution so there have been multiple statements along the lines and that would be...
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Mar 10, 2023
03/23
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talk to us about what we look for next coming from the likes of the fdic and janet yellen. kailey: for the fdic this goes back to roku and the question of uninsured deposits. this is the first failure of an insured institution this year. that insurance only goes so far. that cap is $250,000. from our understanding more than 90% of the deposits at silicon valley bank were uninsured. that will be question number one, what happens with those uninsured deposits? are those depositors going to be made whole? that will be one of the priorities we are following for those early-stage companies that may be short on cash at this point. then it becomes a question of any ripple effects. are we going to see other episodes of this, or was this an isolated incident? we were speaking with a former official from the fdic earlier who said regulators are hoping this is just an isolated incident that they can contain. janet yellen and the broader white house did express confidence in what regulators are doing. they were quick to point out this is not 2008, we are post dodd-frank. there are capi
talk to us about what we look for next coming from the likes of the fdic and janet yellen. kailey: for the fdic this goes back to roku and the question of uninsured deposits. this is the first failure of an insured institution this year. that insurance only goes so far. that cap is $250,000. from our understanding more than 90% of the deposits at silicon valley bank were uninsured. that will be question number one, what happens with those uninsured deposits? are those depositors going to be...
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Mar 17, 2023
03/23
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. >> well, speaking of banking, you have treasury secretary janet yellen trying to reassure congress and financial markets across the globe that the u.s. banking system remains stable. it's really been one week since the collapse of 2 large regional banks. washington correspondent jessi tenure join us live with the latest there. good morning. >> good morning to you as well. secretary yellen became actually that first administration official to have to face lawmakers following the bank's collapse. >> the banking system overall is safe and sound after the collapse of 2 large u.s. banks. in a span of 48 hours, treasury secretary janet yellen defended the federal government's response during a senate hearing thursday. there was a serious risk of contagion that could have brought down in triggered runs on many banks. regulators guaranteed all deposits for silicon valley and signature bank customers. even those that exceeded the fbi seized $250,000 limit for insurance. no taxpayer money is being used were put at risk with this action. but many republicans argue community banks will bear th
. >> well, speaking of banking, you have treasury secretary janet yellen trying to reassure congress and financial markets across the globe that the u.s. banking system remains stable. it's really been one week since the collapse of 2 large regional banks. washington correspondent jessi tenure join us live with the latest there. good morning. >> good morning to you as well. secretary yellen became actually that first administration official to have to face lawmakers following the...
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Mar 17, 2023
03/23
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in national news, treasury secretary janet yellen told lawmakers the u.s. banking system remains sound. yellen testified before the senate finance committee today she had a plan to discuss the president's budget but lawmakers instead grilled her on the health of the nation's banking system. >> anna wiernicki has more. >> the recent collapse of 2 banks was at the top of mind for lawmakers today as they sought answers on what happened. and if americans can trust where they put their money. >> just days after 2 of the largest bank failures in u.s. history, treasury secretary janet yellen told lawmakers the u.s. banking system remain stronger. banking system is sound and yellin says americans can feel confident their deposits are protected. the government took decisive and forceful actions to stabilize and strengthen. >> public confidence in our financial system. you. >> the f d i c. >> move very aggressively. democrats on the committee applauded the government's quick intervention for avoiding a potential banking crisis. but massachusetts democrat elizabeth wa
in national news, treasury secretary janet yellen told lawmakers the u.s. banking system remains sound. yellen testified before the senate finance committee today she had a plan to discuss the president's budget but lawmakers instead grilled her on the health of the nation's banking system. >> anna wiernicki has more. >> the recent collapse of 2 banks was at the top of mind for lawmakers today as they sought answers on what happened. and if americans can trust where they put their...
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Mar 17, 2023
03/23
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today treasury secretary janet yellen faced tough questions from the senate about the ongoing turmoil. cbs's scott macfarlane is on capitol hill. >> reporter: california-based first republic bank becomes the third u.s. bank this week rescued from collapse. the infusion of $30 billion to save the troubled lender came from 11 of the nation's largest financial institutions. first republic had lost a quarter of its value by noon today and rattled markets. it would later rebound, but wall street traders said this was only a short-term fix. >> is that a long-term solution? i don't think so. are there other companies that have exposure to the bigger systemic problem? very possibly. >> reporter: nervous first republic customers have seen their bank's value plummet since silicon valley bank collapsed last week. >> i was definitely concerned with the financial situation, you know, after the two banks went under. >> reporter: treasury secretary janet yellen, who negotiated today's rescue with, among others, jpmorgan's jamie dimon, went to capitol hill today to quiet the concerns. >> i can reassu
today treasury secretary janet yellen faced tough questions from the senate about the ongoing turmoil. cbs's scott macfarlane is on capitol hill. >> reporter: california-based first republic bank becomes the third u.s. bank this week rescued from collapse. the infusion of $30 billion to save the troubled lender came from 11 of the nation's largest financial institutions. first republic had lost a quarter of its value by noon today and rattled markets. it would later rebound, but wall...
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Mar 12, 2023
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what's your reaction to janet yellen saying no government bailouts for the silicon valley bank? >> this is how it was supposed to work. coming out of the last financial crisis, the idea was that no bank should ever be able to fail, but it should be able to fail without the taxpayers losing money, without financial stability. i think her reaction is a good sign. >> the fdic ensures up to $250,000 per depositor. a lot especially with payroll account have a lot more money in that bank than that 250,000. will they be able to recover some of their fill eun, or is that when the government will potentially step in to assist? >> the fdic's job, first of all, is to ensure that depositers get paid off. in this case there weren't that many insured deposters. it was primarily uninsured depo depositors, tech firms. they're looking for a buyer, whether that's for the whole organization or parts of it, and to the extent they get those recoveries, those monies belong to the depositors. >> what do you think really caused the collapse of this bank, and why was it that some of the depositors kind
what's your reaction to janet yellen saying no government bailouts for the silicon valley bank? >> this is how it was supposed to work. coming out of the last financial crisis, the idea was that no bank should ever be able to fail, but it should be able to fail without the taxpayers losing money, without financial stability. i think her reaction is a good sign. >> the fdic ensures up to $250,000 per depositor. a lot especially with payroll account have a lot more money in that bank...
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Mar 16, 2023
03/23
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is it too late for janet yellen to calm fears and unwind a crisis that she is partially for and the bidenomic policies are partially responsible for? >> yes. that's a great point. janet she needs to speak on how this can be corrected in the future. we need to be able to calm people's fears i pray she can do that but, you are right. she is part of the failures that we have seen across the board. >> todd: meantime, senator, breaking right now, we are getting our first look at new video showing the moment a russian jet dumps fuel and collides with a u.s. drone over the black sea. you can see it right there. you can see the fuel trail being dumped by the russian jet. you can see it impacting our drone. propellers starting to slow there on the drone and pretty in short order i'm being told we will go color bars showing the drone itself has been incapacitated. we are watching this all together for the first time. what's your reaction when you see that? >> right, correct. this was over international airspace. and so the russians have gotten very aggressive. and, you know what? we need to really take
is it too late for janet yellen to calm fears and unwind a crisis that she is partially for and the bidenomic policies are partially responsible for? >> yes. that's a great point. janet she needs to speak on how this can be corrected in the future. we need to be able to calm people's fears i pray she can do that but, you are right. she is part of the failures that we have seen across the board. >> todd: meantime, senator, breaking right now, we are getting our first look at new...
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Mar 24, 2023
03/23
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on capitol hill, janet yellen's comments have been roiling these stocks. bank deposit data comes out later in the u.s.. the data before was before this svb collapse. we will see how things move after what we have been the seeing. >> treasury secretary janet yellen has changed her tone unprotected u.s. bank depositors, saying they are ready to take further steps if needed. kathleen hays is here with us. a few words, very big difference. >> you can say that again. think back to yesterday. the fed chair had just announced what was happening with their policy rates, up 25 basis points. jay powell was reassuring investors we are moving ahead, things are not under control, but they were confident the banking system would be resilient. janet yellen gets up and was talking to the senate and she says we have done everything to shore up depositors. the banks saw that and it instantly hit pink and stocks in the u.s.. they did not feel reassured at all. they were waiting for her to say something about what they are able to do next. 24 hours later, she comes out and sa
on capitol hill, janet yellen's comments have been roiling these stocks. bank deposit data comes out later in the u.s.. the data before was before this svb collapse. we will see how things move after what we have been the seeing. >> treasury secretary janet yellen has changed her tone unprotected u.s. bank depositors, saying they are ready to take further steps if needed. kathleen hays is here with us. a few words, very big difference. >> you can say that again. think back to...
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Mar 17, 2023
03/23
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questions: so peter, what's prompted janet yellen to strike such a reassuring tone there? it has, for about a week now since the collapse of silicon valley bank due to liquidity issues last week following a few days later by the collapse of the new york bank signature. it's because a lot of people to worry about their deposits and medium—sized banks especially, first republic concluded. people really getting the jitters about the security of their investments in their ability to use that money to pay their bills and pay their workers and to meet the payroll here in the states every couple weeks and it prompted some to take the action of taking their money out of those banks and putting it into larger banks thatis putting it into larger banks that is exactly what those medium—sized banks in the banking industry generally does not want to see. that is why we are hearing the words of janet reassurance and confidence she was talking about and wanting to instill confidence in people that the us banking system is an unhealthy state and that is also why we see these major ii
questions: so peter, what's prompted janet yellen to strike such a reassuring tone there? it has, for about a week now since the collapse of silicon valley bank due to liquidity issues last week following a few days later by the collapse of the new york bank signature. it's because a lot of people to worry about their deposits and medium—sized banks especially, first republic concluded. people really getting the jitters about the security of their investments in their ability to use that...
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Mar 25, 2023
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yellen is modeling the rules we don't know what the rules are she going to assure about 250,000 are not and how many other banks are there that could fail, what is your take on the number of banks that could be problematic? >> i think the hazard and you kneeled on the head. when you have a bank with idiot management and i don't mean to be rude i'm just saying you look at silicon valley bank and a combination of idiot management aboard this unqualified to oversee our negligence or both in the san francisco fed just missed it. is it my fault, directed pay for that as a taxpayer, credit suisse you referenced has been a zombie bank for 14 years. the average penalty for the management team over the last decade is half a billion a year. if that isn't idiot management you had us if you put your money into that place finally credit suisse had to clean it up on their own but everybody knows that story, deutsche bank same issue. as a taxpayer the question is why do i have to bailout idiots over and over again, let them fail and let the market clean it up, it's okay if they go to 0. maria: tha
yellen is modeling the rules we don't know what the rules are she going to assure about 250,000 are not and how many other banks are there that could fail, what is your take on the number of banks that could be problematic? >> i think the hazard and you kneeled on the head. when you have a bank with idiot management and i don't mean to be rude i'm just saying you look at silicon valley bank and a combination of idiot management aboard this unqualified to oversee our negligence or both in...
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Mar 18, 2023
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you asked about the janet yellen clip and i think that is telling. there is this tension, and i don't think this is the one everyone in washington and financial regulation circles are debating, the law does not say everyone gets their deposits back automatically. when you heard that question from janet yellen and senator lankford, does a small community bank at the same treatment silicon valley bank depositors got? she answered the question in a technical manner which is basically the law says x about this and anything further, there is a determination, is this systemically important? it is not something someone wants to hear right now. there is this assumption all depositors are insured even if we say it only goes up to $250,000. if we are going to implicitly accept that no one will lose their money, we might want to think about changing the laws to codify that and say they are all insured. if they are all insured, change other laws that have to do with the nature of banking. we are existing in this limbo space where everyone probably believes impli
you asked about the janet yellen clip and i think that is telling. there is this tension, and i don't think this is the one everyone in washington and financial regulation circles are debating, the law does not say everyone gets their deposits back automatically. when you heard that question from janet yellen and senator lankford, does a small community bank at the same treatment silicon valley bank depositors got? she answered the question in a technical manner which is basically the law says...
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Mar 21, 2023
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janet yellen is delivering a keynote address. she's going to be talking also with the head of the american banking association. what does she say in terms of additional measures of support and why they are needed now? how do you get confidence in markets at a time when you also are saying we need to provide a bigger backstop? jonathan: there are only 70 times you can say it is robust and resilient. and then they get into trouble. at some point you have to change policy. lisa: you would not say that unless there's a problem. you've to see what measures you are taking and why they are necessary if there is this resilience and a stability in banking. jonathan: someone at jp morgan said this, the fed is facing a difficult task but it is likely past the point of no return. he says a soft landing looks unlikely with the airplane on a tailspin. engines about turnout -- turn off. steve joining us. wonderful to catch up. are we at the point of no return or past it? steve: we believe the u.s. economy it was going to stall even before these
janet yellen is delivering a keynote address. she's going to be talking also with the head of the american banking association. what does she say in terms of additional measures of support and why they are needed now? how do you get confidence in markets at a time when you also are saying we need to provide a bigger backstop? jonathan: there are only 70 times you can say it is robust and resilient. and then they get into trouble. at some point you have to change policy. lisa: you would not say...
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Mar 16, 2023
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. >> earlier today, treasury secretary janet yellen reassured lawmakers that the u.s. banking system remains sound following the recent collapse of two banks. she made the comment while testifying before the senate finance committee about the u.s. economic outlook and president biden's 2020 for budget request. you can watch the entire hearing tonight at 8:00 eastern on c-span and also our free mobile video app, c-span now, or online at c-span.org. fridays at 8:00 p.m. etern, c-span brings you "after words," a program where authors are interviewed by journalts gislators, and more on fire latest books. this week, journalist kathleen mclachlan looks at how and w selling blood plasma has turned into a $20 million business in her book "blood money." watch every friday at 8:00 p.m. eastern on c-span. >> up next, pentagon press secretary patrick ryder takes reporters' questions on tuesday's russian jet collision with a u.s. drone over the bck sea. the briefing is about half an hour. >> goodfternoon, everybody. just a f things to pass along here, and then we will get right to
. >> earlier today, treasury secretary janet yellen reassured lawmakers that the u.s. banking system remains sound following the recent collapse of two banks. she made the comment while testifying before the senate finance committee about the u.s. economic outlook and president biden's 2020 for budget request. you can watch the entire hearing tonight at 8:00 eastern on c-span and also our free mobile video app, c-span now, or online at c-span.org. fridays at 8:00 p.m. etern, c-span brings...
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Mar 31, 2023
03/23
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yellen blaming trump for the recent bank collapses, janet yellen claiming the trump administration decimated financial oversight why biden is calling for reversal of the rollback of regulation over midsize bank, your on the house financial services committee. does this make sense to you because the flipside of the coin that they're not mentioning is the fact that they spent over $6 trillion in the course of two years that sent interest rates skyrocketing. >> first of all your lying again we had congressional testimony from vice chair at the federal reserve who is the head of a supervisory. even his own testimony said the bill under president trump did not take any authority away from the federal reserve and the san francisco federal reserve bank to oversee silicon valley bank or any other bank under their supervision so the white house and the treasury secretary are lying to the american people yet again, let's be very clear we have an issue with supervisory in my opinion over the banking system. at the end of the day the failure of silicon valley bank was on the banks management they did no
yellen blaming trump for the recent bank collapses, janet yellen claiming the trump administration decimated financial oversight why biden is calling for reversal of the rollback of regulation over midsize bank, your on the house financial services committee. does this make sense to you because the flipside of the coin that they're not mentioning is the fact that they spent over $6 trillion in the course of two years that sent interest rates skyrocketing. >> first of all your lying again...
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Mar 16, 2023
03/23
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today, treasury secretary janet yellen faced a tough question from the senate about the ongoing turmoil. cbs's scott macfarlane is on capitol hill. >> reporter: california-based first republic bank becomes the third u.s. bank this week rescued from collapse. the infusion of $30 billion to save the troubled lender came from 11 of the nation's largest financial institutions. first republic have lost a quarter of its value by noon today and rattled markets. [bell rings] it would later rebound, with wall street traders said this was only a short-term fix. >> is that a long-term solution? i don't think so. are there other companies that have exposure to the bigger systemic problem? very possibly. >> reporter: nervous first republic customers have seen their banks value plummet since silicon valley bank collapsed last week. >> i was definitely concerned with the financial situation, you know, after two banks went under. >> reporter: treasury secretary janet yellen, who negotiated today's rescue with, among others, jpmorgan's jamie dimon, went to capitol hill today to quiet the concerns. >> i
today, treasury secretary janet yellen faced a tough question from the senate about the ongoing turmoil. cbs's scott macfarlane is on capitol hill. >> reporter: california-based first republic bank becomes the third u.s. bank this week rescued from collapse. the infusion of $30 billion to save the troubled lender came from 11 of the nation's largest financial institutions. first republic have lost a quarter of its value by noon today and rattled markets. [bell rings] it would later...
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Mar 16, 2023
03/23
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i'm kate bolduan, and first to capitol hill where secretary treasury janet yellen is trying to assure the american people and the senate that the monetary system is sound. and they may get to the president's budget, but in light of that, her appearance there is taking on new appearance, because she is the first biden administration official to appear before the senate, and this is after the global financial markets have been rattled by another problem. credit suisse has been propped up by over $54 million from the swiss bank. this a look at where it is standing right now as christine romans is watching all of this for us. first, christine, start with janet yellen who is testifying now. >> she is speaking to congress, but speaking directly to the american people telling them that your money is safe here, and we have taken steps to make sure that if you are a deposit ordepositor in a u.s. bank, you can get it out. >> i can assure the members of the american banking system that it is sound, and that americans can be confident that their deposits are there when they need them, and this we
i'm kate bolduan, and first to capitol hill where secretary treasury janet yellen is trying to assure the american people and the senate that the monetary system is sound. and they may get to the president's budget, but in light of that, her appearance there is taking on new appearance, because she is the first biden administration official to appear before the senate, and this is after the global financial markets have been rattled by another problem. credit suisse has been propped up by over...
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Mar 29, 2023
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treasury secretary janet yellen testifies today. she has no answers on that. attorney general garland testifies he does not know key details on the doj targeting school board parents as terrorists. this news, u.s. marshals were told to stand down on protesters at the homes of supreme court justices last year. with us congressman jim jordan, greg stuebe, michael mccaul, former economic advisor to president trump, steve moore. civil right attorney leo terrell, alex epstein and "new york post" jon levine. a new gallup poll the president is under water on the approval rating, the economy. even the environment. the white house stone walls multiple investigations. energy secretary granholm now on spring break in puerto rico. this is her fourth trip since last fall. plus dr. fauci now questions if pandemic lockdowns lasted too long. he repeatedly pushed for them. the stunning new bill of a whopper california faces for reparation,hundred billion $800 billion. i'm elizabeth macdonald. "the evening edit," it starts right now. ♪. liz: welcome to the show. welcome to th
treasury secretary janet yellen testifies today. she has no answers on that. attorney general garland testifies he does not know key details on the doj targeting school board parents as terrorists. this news, u.s. marshals were told to stand down on protesters at the homes of supreme court justices last year. with us congressman jim jordan, greg stuebe, michael mccaul, former economic advisor to president trump, steve moore. civil right attorney leo terrell, alex epstein and "new york...
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Mar 23, 2023
03/23
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. >> out of nowhere, janet yellen comes and says for no apparent reason because she didn't need to because these people can't learn to not shoot their mouths off that there was no real plan to provide insurance for broader than current fdic coverage, which then gets a lot of people going oh, that means we're going to have more bank failures. >> neil: all right. when billionaires have come out on record and say they have it with our financial leaders, whether it's jerome powell or janet yellen, what that means and the significance of seeing folks with not much competence in their own bank, their own fortunes and their own future. dave dotson is back with us. stanford school of business professor. what to you make of this, dave? they're just the latest to say this stuff about losing faith. some wall street traders and others have said about the havoc that's been created in the banking industry by the missteps on federal regulators. what do you make of it? >> i agree. it starts with the fed has to stop playing god. they're on their way to snatching defeat from the jaws of victory here. they h
. >> out of nowhere, janet yellen comes and says for no apparent reason because she didn't need to because these people can't learn to not shoot their mouths off that there was no real plan to provide insurance for broader than current fdic coverage, which then gets a lot of people going oh, that means we're going to have more bank failures. >> neil: all right. when billionaires have come out on record and say they have it with our financial leaders, whether it's jerome powell or...
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Mar 16, 2023
03/23
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the goal of janet yellen is to assure the markets that the banking system is sound. she says that's why the fed offered a special program for other banks to meet liquidity needs. >> we wanted to make sure that the problems at silicon valley bank and signature bank didn't undermine confidence in the soundness of banks around the country. we wanted to make sure that there wasn't contagion that could affect other banks and their depositors. >> signature bank also collapsed. it was invested in crypto. executives at first republic bank sold millions in stock before its shares plum melted, this is one of the most significant appearances by a treasury official since the financial collapse of 2008. >> we're very focused on stabilizing the banking system and suring up confidence. i think there will be plenty of time it will be appropriate to look and consider whether or not regulatory or supervisory changes are necessary. >> some republicans insisted the taxpayer funds would bail out the collapsing banks. yellen and democrats say the taxpayers were not on the hook for rescuin
the goal of janet yellen is to assure the markets that the banking system is sound. she says that's why the fed offered a special program for other banks to meet liquidity needs. >> we wanted to make sure that the problems at silicon valley bank and signature bank didn't undermine confidence in the soundness of banks around the country. we wanted to make sure that there wasn't contagion that could affect other banks and their depositors. >> signature bank also collapsed. it was...
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Mar 28, 2023
03/23
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yellen doing it and also secretary -- treasury janet yellen doing it and also secretary blinken . we're doing catch up here. i was at a dinner table with six of the african presidents and the common theme they had, maria, is look at, china is into our countries in a very significant way. we really welcome the relationship with the united states. we would rather have the relationship with the united states. and what china is doing, you know, the international money entry fund was established to help developing countries and they also want those countries to have -- remove as much corruption as possible so they have goals and objectives they place on open them. -- place on them. china doles out more money, charges higher interest rates and there's debtor and creditor problems as a result of it and they wind up taking over the infrastructure themselves. the mercantileism is frustrating the africans of. we have an opportunity here, because the chinese are playing a heavy hand, maria. why is china so involved in africa? economic influence gains them geopolitical control and particularl
yellen doing it and also secretary -- treasury janet yellen doing it and also secretary blinken . we're doing catch up here. i was at a dinner table with six of the african presidents and the common theme they had, maria, is look at, china is into our countries in a very significant way. we really welcome the relationship with the united states. we would rather have the relationship with the united states. and what china is doing, you know, the international money entry fund was established to...
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Mar 8, 2023
03/23
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yellen on capitol hill this week. i'll talk with bowl news financial service reporter peterson on the state of the u.s. economy. district of columbia delegate on the senate voting on crime bill despite the counsel's attempt to withdraw the legislation. wash washington journal life seven eastern on c-span or on c-span now for free mobile app or join the discussion with your phone calls, facebook comments, text messages and tweets. ♪ preorder your copy of the congressional directory for the 118th congress. it is your access to the federal government with bio and contact information for every house and senate member. important information on congressional committees, the president's cabinet, federal agencies and state governors scan the code at the right to preorder your copy today for early spring delivery produced $29.95 plus shipping and handling. every purchase helps the support are nine profit operations at c-span.org. ♪ c-span is your unfiltered view of government. funded by these television companies and more
yellen on capitol hill this week. i'll talk with bowl news financial service reporter peterson on the state of the u.s. economy. district of columbia delegate on the senate voting on crime bill despite the counsel's attempt to withdraw the legislation. wash washington journal life seven eastern on c-span or on c-span now for free mobile app or join the discussion with your phone calls, facebook comments, text messages and tweets. ♪ preorder your copy of the congressional directory for the...
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Mar 22, 2023
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this is a portion from secretary janet yellen yesterday. [video clip] >> let me be clear, the government's recent actions have demonstrated our resolute commitment to take the necessary steps to ensure depositors savings and the banking system remains safe. our approach has two main pillars. first, we work with the federal reserve and fdic to protect all depositors in silicon valley bank and signature bank. the steps we took were not focused on needing specific banks or classes of banks. our intervention was necessary to protect the u.s. banking system. and similar actions could be warranted if smaller institutions suffered deposit runs post the risk of contagion. our actions reduced the risk of further bank failures. it would have imposed losses on deposit insurance fund, which is paid through vs on bank. second, we announced a new -- to provide liquidity in the banking system. the feds new lynn the facility, the bank term funding program is designed to help banks meet the needs of all of their deposits. the situation is stabilized. and th
this is a portion from secretary janet yellen yesterday. [video clip] >> let me be clear, the government's recent actions have demonstrated our resolute commitment to take the necessary steps to ensure depositors savings and the banking system remains safe. our approach has two main pillars. first, we work with the federal reserve and fdic to protect all depositors in silicon valley bank and signature bank. the steps we took were not focused on needing specific banks or classes of banks....
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Mar 12, 2023
03/23
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now secretary janet yellen when she they will not be a bailout for this bank. basically deposits that are insured or up to $250,000. but many of the people in companies that are here are wealthy and had more money in their account. treasury secretary yellen did reassure that the u.s. banking system is safe on friday. the f d i c ordered the closure of the silicon valley bank and immediately took position possession of all deposits at the bank. now silicon valley bank slid into insolvency when its customers largely technology company companies that needed cash as they struggle to get financing as they struggle to get financing began, withdrawing their deposits. now the bank had to sell bonds at a loss to cover the withdrawals. governor gavin newsom also weighing in on the bank closure this weekend. he says that he has been in contact with the white house and the treasury secretary. he added, quote, secretary. he added, quote, everyone is working with th fbi see to stabilize the situation as quickly as possible to protect jobs, people's livelihoods and the entire
now secretary janet yellen when she they will not be a bailout for this bank. basically deposits that are insured or up to $250,000. but many of the people in companies that are here are wealthy and had more money in their account. treasury secretary yellen did reassure that the u.s. banking system is safe on friday. the f d i c ordered the closure of the silicon valley bank and immediately took position possession of all deposits at the bank. now silicon valley bank slid into insolvency when...
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Mar 16, 2023
03/23
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go to the yelling going at yellen, treasury secretary janet yellen at the heated hearing i carefully the shake has hit the fan. chad pergram watching it all. chad. >> reporter: neil, the got afternoon. the goal of yellen is to calm the public about wages. ron wyden said nerve are frayed. yellen said taxpayers are not on the hook. the fed introduced a plan to underwrite banks. >> reassure the members of the committee that our banking system is sound. americans can feel confident their deposits will be there when they need them. >> reporter: the problem with svb that it invested in u.s. treasurys and interest rates spiked. the bank had to settle treasurys to pay the customers. svb lost money dumping treasurys early. that is why the bank collapsed when customers demanded their money. >> the bank to meet liquidity needs had to sell assets that it expected to hold to maturity and, given the interest rate increases that have occurred since those assets including treasurys and government-backed security, mortgage-backed securities they had lost market value. >> reporter: republicans used th
go to the yelling going at yellen, treasury secretary janet yellen at the heated hearing i carefully the shake has hit the fan. chad pergram watching it all. chad. >> reporter: neil, the got afternoon. the goal of yellen is to calm the public about wages. ron wyden said nerve are frayed. yellen said taxpayers are not on the hook. the fed introduced a plan to underwrite banks. >> reassure the members of the committee that our banking system is sound. americans can feel confident...
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Mar 8, 2023
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you have her, janet yellen and others. it haeptsn't been that way. >> we have details about the deaths of two americans in mexico. we're going to go live to the texas border town where the survivors are recovering. plus the data on medical tourism next. there's s a different way to treat hiv. it's e every-other-month, injectable cabenuva. for adults who are undetectable, cabenuva is the only complete, long-acting hiv treatment yocan get every other month. cabenuva helps keep me undetectab. it's two injections, given by my healthcare provider every othemonth. it's one less thing to think abouwhile traveling. hipills aren't on my mind. a quick change in my plans is no big deal. don't receive cabenuva if you're allergic to its ingredients or taking certain medicines, which may interact with cabenuva. serious side effects include allergic reactions post-injection reactions, liver problems, and depression. if you have a rash and other allergic reaction symptoms, stop cabenuva and get medical help right away. tell your doctor if
you have her, janet yellen and others. it haeptsn't been that way. >> we have details about the deaths of two americans in mexico. we're going to go live to the texas border town where the survivors are recovering. plus the data on medical tourism next. there's s a different way to treat hiv. it's e every-other-month, injectable cabenuva. for adults who are undetectable, cabenuva is the only complete, long-acting hiv treatment yocan get every other month. cabenuva helps keep me...
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meantime, the us treasury secretary, janet yellen has insisted the situation is under control. the situation is stabilizing, and the u. s. banking system remains sound. our financial system is also significantly stronger than it was 15 years ago. i believe the directions reduce the risk of further bank failures that would have imposed losses on the deposit insurance fund, which is paid for through fees on banks. why would i say this further now here went into national with arctic contributor chris ems joining us here if a good afternoon to you, chris are going to give you a broad question here. broader perspective, but you know your analysis because you're an insider, an expert and it's part of the world when it comes to what is potentially a very wiring economic downturn with certain western professional partners. what is the state chris of the us economy right now? i don't think it looks good. the tool, i mean we've got something which is now being down played right. the silicon valley bank crash has been labeled by many economists as the 2nd largest banking crush in history.
meantime, the us treasury secretary, janet yellen has insisted the situation is under control. the situation is stabilizing, and the u. s. banking system remains sound. our financial system is also significantly stronger than it was 15 years ago. i believe the directions reduce the risk of further bank failures that would have imposed losses on the deposit insurance fund, which is paid for through fees on banks. why would i say this further now here went into national with arctic contributor...
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Mar 13, 2023
03/23
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here's what us treasury secretary janet yellen had to say. whenever a bank, especially one like silicon valley bank with billions of dollars in deposits, fails, it's clearly a concern from the standpoint of depositors, many of which may be small businesses. they rely on access to their funds to be able to pay the bills that they have, and they employ tens of thousands of people across the country. we've been hearing from those depositors and other concerned people this weekend. so let me say that i've been working all weekend with our banking regulators to design appropriate policies to address this situation. i can't really provide further details at this time, but what i do want to do is emphasise that the american banking system is really safe and well capitalised. it's resilient. so will the announcement that all deposits would be recoverable be the end of the story? here's robert scott, a financial analyst based in washington. i think that there may be other banks that are getting into trouble — although, frankly, the measures announce
here's what us treasury secretary janet yellen had to say. whenever a bank, especially one like silicon valley bank with billions of dollars in deposits, fails, it's clearly a concern from the standpoint of depositors, many of which may be small businesses. they rely on access to their funds to be able to pay the bills that they have, and they employ tens of thousands of people across the country. we've been hearing from those depositors and other concerned people this weekend. so let me say...
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Mar 21, 2023
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back in this country, treasury secretary janet yellen says the turmoil in banking is stabilizing, but that regulators will do more to guarantee bank deposits if need be. they've covered all deposits for silicon valley bank and signature bank, eclipsing the previous $250,000 limit. in washington, yellen told the american bankers association that it's critical to ensure public confidence. ansimir acons uld er institutions suffer deposit runs that pose the risk of contagion. amna: also today, leaders of the nation's major banks began a two-day, regularly-scheduled meeting in washington. their $30 billion rescue of first republic bank, based in san francisco.en's comments helped wer tensions and boost stocks. the dow jones dustrial avege gained 316 points, 1%, to close at 32,560. the nasdaq rose 1.5%. the s&p 500 added 1.3%. l the new yk knicks tba greatii their refirstitle in 1970 playing injured in game seven to beat the los angeles lakers. today, the knicks tweeted the iconic image of reed walking on to the court moments before tip-off for that game. he won another title in 1973 ana ev
back in this country, treasury secretary janet yellen says the turmoil in banking is stabilizing, but that regulators will do more to guarantee bank deposits if need be. they've covered all deposits for silicon valley bank and signature bank, eclipsing the previous $250,000 limit. in washington, yellen told the american bankers association that it's critical to ensure public confidence. ansimir acons uld er institutions suffer deposit runs that pose the risk of contagion. amna: also today,...
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Mar 25, 2023
03/23
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we'll talk to our panel about mixed message that janet yellen is sending and the threat that poses to the financial system. s and sustain tissue health. ensure with twenty-five vitamins and minerals, and ensure complete with thirty grams of protein. weeds... they have you surrounded. take your lawn back with scotts turf builder triple action! gets three jobs done at once - kills weeds. prevents crabgrass. and keeps it growing strong. get a bag of scotts triple action today, it's guaranteed....