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huge trading losses, involvement in money laundering, and spying on former employees. >> wow. >> joining us now, cnbc's frank holland. >> frank, thank you so much for being with us. you look at what happened with the red hot start-up bank that, of course, had been around for decades, but was the place for silicon valley entrepreneurs to go and investors to go they got in trouble last week. now, you've got a 166-year-old european institution getting in trouble this week. both of them requiring, in effect, bailouts it doesn't seem so limited is the entire banking system worldwide in crisis? do we have reason to worry >> well, first off, good morning. thanks for having me on there's a crisis of confidence when it comes to liquidity, all the banks globally, in general, are better off than they were at the start of the financial crisis there's a lot more regulation.
one of the world's richest people testifying in federal court. elon musk be getting his testimony yesterday in the case surrounding this 2018 tweet. and was tesla ceo stated he has secured enough funding to take test that private. at $420 a share. shareholders allegedly fabricated information, qassem millions in trading losses and his testimony, musk said quote just because a tweet something does not mean people believe it. a jury will decide whether the tweet artificially inflated teslas share price. new questions are arising after an important clarification on the supreme court internal investigation into who leaked the draft opinion. overturning roe v. wade. the court martial, gayle curlee who led the inquiry released the statement which reads in part, during the course of the investigation, i spoke with each of the justices. several on multiplications. i followed up on all credible leads, none of which implicated the justices or their spouses. on that basis, i did not believe that it was necessary
Goldman Sachs Group Inc., Image: Goldman Sachs Group.com The bank is also asking shareholders not to vote for an independent racial audit which will reveal its contribution to systematic racism. JPMorgan Chase & Co. and “There’s still a long road ahead,” wrote Chief Executive David Solomon in the report’s introduction, “but I will continue to make this effort a personal priority.” A recent study in Financial Times also revealed that Black employees were not only underrepresented in the United States financial services industry in 2018 but that there was a decline from the previous decade, per “It begs the question of all of the efforts and all of the energy that was put into this: ‘What are they doing and why is none of this working?’” said chief executive of Diverse & Engaged,
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he was picked up on a roy in the traffic stop in coastal georgia for having tinted windows that were too dark. he was accused by the fbi of moving $21 million into accounts to hide other thefts or trading losses. this is the last video thought to have existed of him. surveillance footage from key west, florida in june of 2012 about to get on the a ferryboat with weights that differs usually use. he left a note for friends and planned on killing himself by jumping off a boat. a judge declared him dead but the fbi believed the former minister was still alive all along. when he was finally caught tuesday he told the arresting deputy quote, sit down i'm going to make you famous. >> all right. >> he's due in court this morning. very much alive and very much in trouble. >> okay. coming up next. bill karins is tracking the big winter storm heading our way
doctors and family members battled over whether or not to remove her from a feeding tube and let her by. they are trying to get her transferred to a long-term care facility where she can remain on life support despite them saying there's no hope for her recovery. >> a banker who faked his own get to avoid wire fraud charges busted for traffic violation. avery lee price is accused of funneling millions of dollars into his security accounts and stealing the money and hiding his trading losses. he was last seen boarding a ferry boat in florida back in 2012. a judge declared him dead a year ago. the fbi never sfoped lo stopped looking at him. he was stopped on a highway for having tinted windows. they found out he was wanted by the fbi. >> your favorite drink may be an
trading blowup that happened in london. bruno ixel is the man at the center of that but he'll escape charges because he's helping the authorities, the two gentlemen have had charges against hem, javier arteio and julian grout, both are being accused by u.s. authorities of manipulating the books to hide the trading losses. so this is a story we're watching fairly closely at the moment. >> jeff, also let's talk about the type of changes we can expect in terms of television advertising for the once, the aca, at fordable care act that kicks in later this year, open enrollment beginning october the 1st. >> yes, i'm just amazed by this story because every time i come over to the states i cannot believe the amount of pharmaceutical and health related advertising that's on tv currently, but according to this, tv executives are licking
you may recall just last month the carnival ship "triumph" was stranded for five days at sea without power or working toilets. scathing new report from a senate subcommittee on the massive trading losses at jp morgan chase. the report says the bank, which is the nation's biggest ignored controls and manipulated documents. lawmakers accuse the bank's ceo jamie dimon of withholding information from regulators. the bad bets cost the bank $6 billion. later today members of the senate plan to question bank executives about the blunder. president obama has revealed that iran is about a year away from developing a nuclear weapon. the president made the remarks during an interview with israeli tv. mr. obama said the u.s. will likely not wait for the weapon to be developed before taking action. he prefers diplomacy over force but all options remain open. >> if we can resolve it diplomatically that is a more