Regional banks bounce back after two bank failures

The Lead with Jake Tapper

CNN

News

3.5 • 1.7K Ratings

🗓️ 14 March 2023

⏱️ 91 minutes

🔗️ Recording | iTunes | RSS

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Summary

Multiple investigations are reportedly launched after the collapse of Silicon Valley Bank as panicked tweets are partly to blame for bank losing $40 billion in a single day. Vice Chairman of IBM Gary Cohn joins to discuss markets closing higher after days of volatility. Also, Russian fighter jets intercept an unmanned U.S. drone, forcing it down over the Black Sea. How will the U.S. respond? Plus, Trump makes his first election stop in Iowa as prosecutors weigh New York state criminal charges against him. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	A U.S. drone is down after colliding with a Russian jet.
0:06.8	The lead starts right now.
0:09.3	Russian fighter jets intercept an unmanned U.S. drone forcing it down over the Black Sea.
0:15.5	How will the U.S. respond?
0:17.8	Plus, 2024 is clearly on.
0:20.7	Donald Trump makes his first election stop in Iowa this cycle and he takes aim at his
0:25.3	top GOP competitor, Florida Governor Ron DeSantis, who's not even officially in the race yet.
0:32.1	But first, protecting your money, multiple investigations reportedly launched into the
0:36.3	collapse of Silicon Valley Bank or CVB as panicky tweets are partly to blame for the bank losing
0:44.3	more than $40 billion in a single day.
0:51.9	Welcome to the lead on Jake Tapper, any moment President Biden is expected to speak in
0:55.8	Monterey Park, California about efforts to reduce gun violence.
1:00.7	He will also meet with families and victims from one of this year's many, many mass shootings.
1:05.5	We will bring you the president's remarks as soon as they begin.
1:08.9	Until then, we're going to turn to our money lead.
1:11.3	Markets closed moments ago, up 334 points as bank stocks rebounded in a stunning economic
1:17.7	turnabout.
1:18.7	From this time yesterday, the biggest winners told today more specifically regional banks,
1:23.8	some of which are up double digits after massive losses yesterday.
1:27.7	Experts were fearing more bank failures after two went down within just three days of each
1:33.2	other over the weekend.
1:34.2	Today CNN learned that the U.S. Department of Justice is investigating the collapse of
	...

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