Emergency Lending Program News Today

>> three more people charged with murder after a virginia man died in custody, his family calling for justice after seeing video of his last moments. and growing legal problems for donald trump. thousa now dozens of staffers at mar-a-lago are receiving subpoenas. here we go, friday, st. patricks day, welcome to our viewers in the united states and around the world. im christine romans. we begin with chinas president xi jinping set to meet with vladimir putin next week in russia. the ...

a very good thursday morning to you. im jim sciutto. >> and im erica hill. janet yellen is going to be on the hill where she is going to be talking about the budget, and there is going to be plenty of questions about the budget and she is going to need a calm tone where she tells americans that their deposits are safe. we will bring that to you live. and the moment when a russian jet collided with a american drone causing it to crash into the ocean. we will show you how. we rebbrin...

government is stepping in to calm the failure two of u.s. banks. everyone that had money in sign silicon valley bank and signature bank will have money. the president is going to address the public about it. >> oscars, stealing the show, best picturor, best actress, best supporting actor and best supporting actress. also overnight, saber-rattling once against from north korea with a missile test launched from a submarine. the u.s. and south korea begin joint military exercises. >> you ...

plus this. and the oscar goes to -- navowni. >> that is well deserved as it gets. cnns documentary on alexei navalny who is in prison in russia took home an oscar last night. the director will join us live to talk about this moment. what it means for alexei navalny, putins jailed critic. we do begin, though, with the biden administration trying to prevent financial contagion after two banks failed back to back in the last three days. a live look now at the white house, where the pr...

In July, the U.S. Senate introduced a plan to offset new highway spending by reducing the dividend that the Federal Reserve pays to member banks. While it is still unclear exactly where this idea originated, an anonymous Democratic staffer recently referred to the dividend as “an unnecessary and wasteful subsidy.”[1] It now appears that the dividend reduction will go forward even if it offsets outlays other than highway spending.

Failures of the two banks and the action taken. what more is the white house expecting from this experience on the hill in terms of the questions that she may be getting. >> yeah, erica, you are right, that it is a hearing that was previously schedule for the treasury schedule to talk about president bidens budget, but the timing of this is so key, and you heard her right off of the top addressing the health of the u.s. financial market and talking about the failure that we saw in recent days of...

Back in 2008, including with some support from democrats and largely meant that banks about the size of silicon valley bank didnt have to go through stress tests, for example. didnt have the same liquidity requirements. >> look, there is going to be a lot of soul searching and a hot -- lot of answer thats federal regulators will try to answer. i think it is worth stressing for the time being, really the tact at hand, you can tell by the federal government is to try to contain the fallout in addi...

greece passes next years budget. it is packed with tax increases and spending cuts which are required to secure bailout funds. the budget cuts, the deficit pushes the deficit to 5.24 gdp, down from 9%. ahead of the u.s. 2012 election campaign, u.s. president barack obama says the middle class needs to step up to the plate. he called for more taxes on the wealthy. those are the top stories from cnn, im monita rajpal. "world business today" starts right now. hello and welcome to yo...

Mostly higher on thursday. it wasnt that dramatic. japanese exporters were up in tokyo with toyota motor gaining nearly 1%. the yen has gained slightly but still is trading at around 85 yen to the dollar. meanwhile, japans central bank said it would offer nearly $12 billion in a new emergency lending program for banks in the area, in northeastern japan that were hit bit earthquake and the tsunami. also, the hang seng was down adjustment a fraction today. the shanghai composite rose by almost a q...

Foreign banks as well. >> the fed declined comment. but the record showed the loans were collateralized in full and have since been repaid. they come from the fed 100-year-old confidential emergency lending program called the discount window. the day the loans peaked in october of 2008, at $111 billion, records show half the total went to two big european banks. as short-term loans. i have a rab bank, now 59% owned by the central bank of libya borrowed multiple times, at least $3 billion in tota...