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Ensured better safeguards fo the banking. industry those reforms combine with today's actions demonstrate our commitment t taking the necessary steps t ensure that the depositors saving for maine safe. joining me now to discuss, emily fedor. she is a unit financia reporter at the new york times filip dump is back with us emily, it was a lot of tech no chrissy. walk me through what does it actually mean. >> so. what happened here is when silicon valley bank's sailed o friday it touched off a pani for a lack of a better word an it caused another bank to fail the federal government regulators got...

Similar sucked that's th stomach risk assessment fo signature bank new york, which was closed today by its stat charter authority. all the depositors of th institution will be made whole as of the resolution of silico valley bank, losses will b borne by the taxpayer. shareholders and unsecured deb holders will not be protected. senior management has also bee removed. any losses to the deposi insurance fund to suppor uninsured depositors will be covered by a special assessmen on banks as required by law. finally, the federal serve board on sunday announced it will make available additional fund...

Mueller's ten-year term is due to expire in september. let's bring in our senior correspondent ed henry. why did the president ask for next citizening? >> reporter: this ties right back to what barbara was reporting become the aftermath of the killing of osama bin laden, all the intelligence coming in showing the threat from al qaeda oh terror groups is still out there let's not forget, bob mueller is pretty remarkable. he was sworn in office exactly one week before 9/11. so for almost ten years now, he has been at the forefront of trying to keep america safe from all these terror threats. so,...