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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 ....
well, you know, whether it s going to be enough, we re going to see when the markets respond to it tomorrow. but the fact that they went beyond the $250,000 statutory limit and said depositors are going to be kept whole, you know, is a is both a sign of how concerned they are that this could spread, but also how difficult it is, really, to draw that line. whatever the law says, you hear the argument that unless we cover all the losses for depositors, that there is the risk of this becoming a kind of domino effect in the economy. in some ways reminiscent of 2008. the difference, of course, they re saying they re not going to bail out shareholderers or management. it will be interesting to see how they try to execute that inclination. yeah, and jessica, what are the legal ramifications of the silicon valley bank problems right now? of course, what impact will this likely have on the week ahead? ....
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Fitting a recipient? robin is a hero to a lot of people right now, just because of the way she s conducting her life. reporter: since 2007 when she was first diagnosed with breast cancer, she has fought her battles in the public eye. there was relief when she went into remission in 2008. ain t no mountain high enough reporter: but last year another devastating diagnosis. mds, myelodysplastic syndrome, a disease in the blood and bone marrow. she underwent a life-saving bone marrow transplant from her sister, sally ann. and with every step, blazing a trail herself, in ways reminiscent of the man who was both an inspiration and a dear friend. i remember distinctly a conversation i had with arthur. he said to me if at the end of the day all anyone can say, oh, she was a journalist, then you haven t fulfilled your life s mission. that s how i look at arthur. ....
robin is a hero to a lot of people right now, just because of the way she s conducting her life. reporter: since 2007 when she was first diagnosed with breast cancer, she has fought her battles in the public eye. there was relief when she went into remission in 2008. ain t no mountain high enough reporter: but last year another devastating diagnosis. mds, myelodysplastic syndrome, a disease in the blood and bone marrow. she underwent a life-saving bone marrow transplant from her sister, sally ann. and with every step, blazing a trail herself, in ways reminiscent of the man who was both an inspiration and a dear friend. i remember distinctly a conversation i had with arthur. he said to me if at the end of the day all anyone can say, she s a journalist, then you haven t fulfilled your life mission. that s how i look at arthur. yes, he was a great tennis ....