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day on wall street, the u.s. government steps in to protect a failed bank, promising depositors they won t lose a penny. one film won everything everywhere all at once at this year s oscar awards. plus already-flooded parts of california bracing for yet another powerful storm. live from cnn center, this is cnn newsroom with rosemary church. good to have you with us. we begin here in the united states where the biden administration is stepping in to contain the fallout from the sudden collapse of silicon valley bank. authorities say customers will have access to all their money starting monday morning. the president also promised to hold those responsible for the bank s failure fully accountable. he will speak about the issue in the coming hours. regulators also shot down another regional institution, signature bank, fearing it was also on the brink of collapse. cnn s arlette saenz has more. reporter: the biden administration took extraordinary steps sunday t ....
just ahead on cnn newsroom what we re living in today is a very traditional run. making sure people can make payrolls and making sure depositors can taken care of. is that what you want for families and jobs? cnn meteorologists predicting more for california, unleashing heavy rain and snow once again. from london, this is cnn newsroom, with max foster and bianca nobilo. it is monday, march the 13th. 8 4:00 amy in washington, d.c., and president biden is promising all customers will have access to their money starting today. mr. biden also promising to hold the banks fully accountable. here in america, hsbc has announced buying the treasury bank. and janet yell assured americans they will make sure this doesn t happen to another bank. we want to make sure that the shortfalls that exist in one bank don t create contagion to others that are sound. and the goal always of supervision and regulation is to make sure that contagion can t can t occur. ....
ahead of the trading day on wall street, the u.s. government steps in to protect a failed bank, promising depositors they won t lose a penny. one film won everything, everywhere, all at once on this year s oscar awards. already-flooded parts of california bracing for yet another powerful storm. this is cnn newsroom with rosemary church. thanks for joining us. we begin in the united states where the biden administration is stepping in to contain the fallout from the sudden collapse of silicon valley bank. authorities say customers will have access to all their money starting monday morning. the president also promised to hold those responsible for the bank s failure fully accountable. he will speak about the issue in the coming hours. regulators also shot down another regional institution, signature bank, fearing it was also on the brink of collapse. cnn s arlette saenz has more. reporter: the biden administration took extraordinary steps sunday to ensure t ....
Businesses and running payroll heading into the week. federal officials worked around the clock trying to find a resolution to the sudden collapse of silicon valley bank. one other avenue being pursued was trying to find a private buyer to purchase the assets of silicon valley bank. officials said they were evaluating those bids but decided to move quickry as they were watching the situation quickly unfold. and they wanted to offer assurances to those customers working with silicon valley bank. now treasury secretary janet yellen said sunday there would not be a large-scale bailout of the bank similar to to what was seen during the 2008 treasury crisis. and treasury officials saying the burden would not be borne by the taxpayers. and also noting that shareholders and senior management would not be protected by these new rules. now, ultimately, the white house ....
Businesses and also how they would meet payroll heading into this week. federal officials worked around the clock over the weekend trying to find some resolution to the sudden collapse of silicon valley bank. one avenue that was also being pursued was trying to find a private buyer to purchase the assets of silicon valley bank. treasury officials said they were evaluating those bids but ultimately decided to move quickly as they were watching the situation quickly unfold and they wanted to offer some assurances to those customers who had been working with silicon valley bank. treasury secretary janet yellen said earlier on sunday that there would not be a wide-scale, large bailout of the bank similar to what was seen during the 2008 financial crisis. treasury officials pushed back on the idea that this was a bailout, saying that the burden will not be borne by the taxpayers, and also noting that shareholders and senior management would not be protected by these new rules. ....