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CNN CNN Newsroom Live June 4, 2024 09:31:00

Delayed action to gather more evidence. witnesses were clear and growing. this meant supervisors did not force sbb to fix its problems. the report also acknowledging it is time for the fed to reconsider how it evaluates some banks saying, quote, we need to evaluate how to ensure that supervision intensifies at the right pace as the firm grows in size or complexity. what now? the ceo and cofounder of the policy analytics, he tells me, i think it will be a little bit more holistic, looking at broadening the scope of what they look at from financial metrics such as cash levels, the contribution of their deposits, to the character of the banks. for the larger banking systems, he wrote that svb was an outlier ,end quote, our system is sound and resilient. cnn new york. staying on the financial front, the favorite inflation ....

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CNN CNN Newsroom Live June 4, 2024 07:24:00

Growing. and this meant that supervisors did not force svb to fix its problems even as those problems worsened. the report also acknowledging that it s time for the fed to reconsider how it evaluates some banks, saying, quote, we need to evaluate how to ensure that supervision intensifies at the right pace as a firm grows in size or complexity. so what now? well, the ceo and co-founder of monetary policy analytics tells me, i think they re going to be a little bit more holistic as to looking at broadening the scope of what they look at from financial metrics such as cash levels and the composition of their deposits to more qualitative metrics about the character of the banks. as for the larger banking system, barr wrote that svb was an outlier and, quote, our banking system is sound and resilient. ra held solomon, cnn, new york. u.s. republican house lawmakers vote to raise the debt limit, but the fight is not over. ....

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CNN CNN Newsroom June 4, 2024 14:30:00

Little bit more holistic, as to look at broadening the scope of what they look at, from american metrics such as cash levels and the composition of their deposits, to more kwaut qualitative metrics about the characters of the banks. as for the larger banking system, writing that svb was an outlier and quote our banking system is sounds and resilient. thank you very much. let s turn to washington and the clock is running on the debt ceiling standoff. republicans hope president biden will be now pressured to negotiate but house speaker kevin mccarthy says he has not heard from the white house. house republicans passed the debt ceiling proposal this week. it was a narrow win but still a win for mccarthy and it looks unlikely it will make it through the senate. cnn has more from washington. so right now, democrats and republicans, yes, they re locked in a stalemate. president biden said show me a plan. mccarthy did. and it doesn t exactly make things easy anymore, does it? ....

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