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Fears of contagion have spread to Europe, with a market rout forcing Credit Suisse to tap a financial lifeline from the Swiss central bank after the share price of Switzerland's second biggest bank
Banking authorities in Switzerland released a statement on Wednesday pledging to provide Credit Suisse with financial support if necessary as doubts rose about its viability.
Sen. Elizabeth Warren (D-MA) is demanding accountability and answers from Silicon Valley Bank CEO Greg Becker on the company's efforts to roll back financial regulations prior to the collapse of the bank.
Executive bonuses and stock sales should be taken back from those bankers. >> they took on all that risk, made themselves more profitable, right up to the day that the bank exploded. >> reporter: and tonight, critics, including senator warren point out, it was easier for silicon valley to fly under the ray door of regulators, because regulations were rolled back by president trump just ten years after the biggest banking collapse in u.s. history, rolled back with support by republicans and some democrats in congress. and because of that, the bank no longer had to pass those key bank stress tes...
Because he will be keeping us compared to the evening as we get more details about the academy awards. you can get more details, lots more, in fact, but the awards on our website can include in this life page. head on over to our website or download the bbc news app, that is, of course, if you haven't done so already. joe biden has announced a rescue plan that it says will ensure all depositors in the failed silicon valley bank will be able to retrieve their funds on monday morning. a statement issued by the us treasury and federal reserve said american taxpayers will not have to foot the bill...