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to hear her first here "outfront." plus, the collapse of the second largest bank in american history that happened in the span of 48 hours and is affecting the entire banking industry and perhaps beyond. i'll speak to the ceo of a company whose money was with that bank, got a call from a panicked investor to get out now. you'll hear what happened. and the president of a little known group of islands calls out china's xi jinping accusing china of bribery, personal threats to his safety, all over xi's potential invasion of taiwan. good evening, i'm erin burnett. "outfront" tonigh...

The foreign ministry said they've always respected how micronesia chooses its on development. david panuelo also revealed he had considered switching diplomatic recognition to taipei. his term in office is set to expire in just a couple of months. he's been the president since 2019, and this is not the first time he's spoken out before on china's growing influence. the context of this letter is increasing fears from regional powers about exactly that, military strategists see the pacific islands location as this key connector between the u.s. territory of guam and australia and both the u.s. a...