Crowd Control Gear News Today : Breaking News, Live Updates & Top Stories | Vimarsana

kev kev quite a date here in the nation's capitol. good evening, trace. breaking tonight, investors in silicon valley bank have already taken legal action to recoup their losses after, of course, the bank collapsed on friday despite the class-action lawsuit and a volatile day on wall street. as you pointed out, the president wants americans to believe our financial institutions are, in fact, secure, while also being careful to not use the banking "b" word. bail out. no losses will be born by the taxpayers. instead, the money will come from the fees that banks pay into the deposit ins...

expected to defend the banking system after his government scrambled to prepare emergency measures to bail out silicon valley bank customers. here comes the president coming up to the podium. >> president biden: before i leave for california, i want to briefly speak about what is happening in silicon valley bank and signature bank. today thanks fought quick action of my administration america will have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that deposit accounts at these banks can breathe easier ...

race for the white house coming in. >> bottom line. >> business as usual. >> all transactions are fully functional. thank you all. >> sandra: we begin with president biden today scrambling to restore confidence in america's banking system after the swift and sudden collapse of two banks that pumped in fears of a wider economic crisis, and a lot is unfolding at this hour. hello and welcome, everyone. i am sandra smith. grateful to start another week with you. john. >> john: it seems like every week there is something new. i'm john roberts in washington. this is "america reports." the ...

---what happened friday when silicon valley bank fell. svb, a top choice for tech start-ups, with more than $2 hundred billion in assets at the time. that makes it the second largest bank failure in american history behind the washington mutual meltdown in 2008. we had a great recession then. the president now keeps saying we're not headed for a recession. a host of companies affected include household names like etsy and fit bit. all deposits at the failed bank will be available today. investors knew the risk and should not be protected. yes, the fdic is up to $250,000. if you inves...

next question at white house correspondent peter doocy is traveling with the president. good evening, peter. >> good evening, president biden helping to prevent a run on the banks by signaling to consumers that wealthy banking negatives are out of luck but every day folks with money in bank accounts can be guaranteed their money is safe. they are very careful to avoid using the b-word, bailout. >> see you in california. >> the plan to talk about training sailors to work out of a new joint nuclear sub base in australia to counter threats in the indo-pacific. >> these subs indo-pacific...