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Transcripts for KPIX CBS Weekend News 20240604 00:32:00

Companies braced for payroll challenges on monday. biden administration officials expressed confidence that the u.s. financial system remains safe skpp sound and that depositers should not be worried about losing their money. skylar henry is at the white house tonight with the latest. skylar, good evening. reporter: robert, good to see you. late today, federal regulators said that all depositors of silicon valley bank will get their money at no taxpayer expense. they also said a second bank, signature, was closed, but deposits were secured. federal regulators are scrambling following the sudden collapse of the silicon valley bank. we are concerned about depositors, and we re focused on trying to meet their needs. reporter: janet yellen told face the nation today that the ....

Administration , Officials , Safe-skpp , Companies , Challenges , Confidence , Biden , Financial-system , North-american , Robert-costa , Regulators , Money