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Congress to take action to regulate banks, to really punish banks for this kind of mismanagement that could lead to what happened with silicon valley bank. on the other hand, on capitol hill, speaker mccarthy is pushing back. he is saying, we don't really need to do anything here. what do you expect to happen in terms of washington playing a role in this crisis? >> i think what president biden started out in terms of policy prescriptions when it comes to the banking collapse was interesting. he is targeting the management bonuses making sure the bank executives are properly punished for their ...

>> there is a smoldering fire that has nothl r ss banks across the country are looking to boost their cash reserves. u.s. banks borrow more than $150 billion from the federal reserve this week alone. a new record. what does that tell us? >> tells us the banks are really scared about the amount of deposits that are leaving. >> reporter: the white house called on congress today to find and claw back compensation from top bank executives when their banks fail. the ceo of silicon valley bank reportedly sold more than $3 billion worth of stock, just days before the fdic's was forced to take over. o...

Ensure that, you know, the public's deposits don't go under. you also see at the bank, they say well, we may have to claw back and take back compensation from the employees at the bank. they really screwed up. the point is, the employees are doing what the bank asked them to do. this was apparently a policy at j.p. morgan to conduct this kind of activity. should that activity be conducted especially if these types of market? and finally it leads to the issue of is there equal justice? is there a double justice? system, is there a double standard? what's going on with regard to m.f. global? and...

political infighting has seen japan with five different prime ministers in five years. witnesses report loud explosions in yemen near a presidential palace in sena. months of failed protests have failed to bring down the president. the deadly e. coli outbreak in europe has left more than a dozen dead and hundreds sick, mostly in germany. the source of the outbreak is not known. google said hackers have targeted g mamail users with a phishing scheme that may have begun in china. those are the headlines. i'm zain verjee in london. "world business today" starts right now. good a...