Create Contagion News Today

just ahead on "cnn newsroom" -- >> what were living in today is a very traditional run. >> making sure people can make payrolls and making sure depositors can taken care of. >> is that what you want for families and jobs? cnn meteorologists predicting more for california, unleashing heavy rain and snow once again. >> from london, this is "cnn newsroom," with max foster and bianca nobilo. it is monday, march the 13th. 8 4:00 amy in washington, d.c., and president biden is promising ...

saturation event. legal jeopardy? former president trump stumped in iowa with his former victor set to talk to prosecutors about their hush money investigation. plus roman catholics mark a milestone. >> its been ten historic years since francis became pope. and later, they are on the frontline in ukraines fight to preserve its culture. why the show goes on, despite russias war. >> why is it so important to step in? >> translator: we want the world to see that ukraine also has its...

the financial crisis, there were investors and owners of systemic large banks that were bailed out, and were certainly not looking at the reforms that we put in place means that were not going to do that again, but we are concerned about depositors and were focused trying to meet their needs >> treasury secretary janet yellen commenting on one aspect of the biggest bank collapse since 2008 well break down whats happening with silicon bank in just a moment. plus, well bring you mining...

♪ ♪ its 10:00 a.m im lindsey reiser at msnbc headquarters in new york were following a lot of breaking news on this busy monday morning, including president biden assuring the country our financial system is safe amid heightened fears of a banking crisis after the collapse of both silicon valley bank and new york-based signature bank >> americans can rest assured that our banking system is safe. your deposits are safe let me also assure you we will not stop at this well do whatev...

out the second largest failed bank in u.s. history were 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 chinas markets were going to be opening at 8:00, 9:00 at night, and they had to get things lined u...

hello, bill. >> reporter: hey, mike. good afternoon to you. yeah, the latest information were hearing is at least eight people dead after two of these suspected human smuggling boats capsized off the coast of san diego. and this just highlights the fact that weve got more death at our southern border now. any way you slice slice it whether its people crowning in the river, dying of dehydration out in the desert, boats sinking in the florida keys or off the california coast, it goes to ...

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, id expect bank runs monday morning. no company will take even a tiny chance of losing a dollar of deposits as theres 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...

mike: meantime official say eight people are dead and several others missing after two suspected smuggling boats capsized off the coast of san diego bill melugin is live with all the latest developments from our southern border including the search for three missing women who disappeared after crossing into mexico more than two weeks ago for acting dhs secretary chad wolfe is also standing by with his reaction lets go to bill melugin live in mission texas with the very latest from the ...

Department is working fast to address the situation but is ruling out a bailout. the second largest bank collapse in u.s. history is sparking alarm about reverberations amid rising interest rates. >> we want to make sure that the troubles that exist at one bank dont create contagion to others. >> reporter: the banks failure is already affecting the businesses it financed, including roblox, etsy, and roku. the fdic seized control of the bank on friday. today, lawmakers on both sides are pointing ...

Bail out svb >> i have been working all weekend with our banking regulators to design appropriate policies to address this situation. the american banking system is really safe and well capitalized. its resilient we want to make sure that the troubles that exist at one bank dont create contagion to others that are sound >> that was a real concern yesterday. a concern after janet yellens remarks, there had been a flurry of activity all weekend, but a of the remarks, the fear was youd have first r...