Name: The Impact of SVBs Collapse on FinTech
Uploaded: 2023-03-14T05:40:03.152Z
Duration: 7 min 48 s
Description: FinTech Partners founder, CEO and Managing Partner Steve McLaughlin joins Ed Ludlow and Caroline Hyde to discuss the impact of the Silicon Valley Bank fallout on the FinTech space.

FinTech Partners founder, CEO and Managing Partner Steve McLaughlin joins Ed Ludlow and Caroline Hyde to discuss the impact of the Silicon Valley Bank fallout on the FinTech space.

Silicon Valley

Three U.S banks including the Silicon Valley Bank have failed and Credit Suisse has been taken over amid the biggest crisis since 2008.

Banking Crisis

The Impact of SVB's Collapse on FinTech

Google subsidiary YouTube has criticized an Australian law banning social media accounts for under-16s, arguing the legislation set to start Dec 10 makes young users of Instagram, Facebook, TikTok and YouTube less safe.

Canberra

YouTube attacks Australia's underage social media ban

U.S. envoys Jared Kushner and Steve Witkoff met Putin in the Kremlin on a revised Ukraine peace plan but left without a deal. Russia insists on territorial gains, army cuts, and blocking NATO membership, while Zelenskyy calls for long-term deterrence against future aggression.

Moscow

Ukraine Invasion

U.S. envoys Kushner, Witkoff leave Kremlin without Ukraine deal

U.S. President Donald Trump, in a televised cabinet meeting, said “I don't want them in our country” about Somali immigrants, sparking outrage from politicians and migration experts. His remarks coincided with reports of planned federal raids targeting Minneapolis’ Somali community.

Washington

Trump targets Somali immigrants amid reports of Minneapolis raids

A Russian tanker carrying sunflower oil was hit by a drone off the Turkish coast, with no casualties. The attack is part of recent strikes on Russian-flagged vessels targeting Moscow’s oil sector, while Putin warns of possible retaliatory measures.

Russian tanker attacked off Turkey, Putin warns of retaliation

U.S. Defense Secretary Pete Hegseth said he had watched the first U.S. strike in September on an alleged drug-smuggling vessel in real time, but did not see survivors in the water or the second lethal strike that he described as being carried out in the "fog of war."

Hegseth says he didn't see survivors before second strike on boat

Republican comfortably beats Democratic challenger after polls showed candidates in a close race in US state.

Tennessee

Trump’s pick Van Epps wins special election in deep-red Tennessee

U.S. President Donald Trump threatened to expand his crackdown on drug trafficking during a cabinet meeting, suggesting he’d order land strikes on Venezuela and attacks on any country transporting illegal drugs into the U.S.

Trump threatens to expand strikes beyond Venezuela

Ahead of a meeting to discuss the U.S. proposal for peace in Ukraine, Russian President Vladimir Putin dismissed European counter-proposals as 'unacceptable' and said his country was ready for war if Europe wants one.

Putin says Russia is 'ready' if Europe wants war

OpenAI has declared a "code red" as Google threatens to unseat the AI industry's early leader, according to the Wall Street Journal. Technology journalist Jacob Ward joins CBS News to discuss.

California

OpenAI declares 'code red' as Google threatens its AI lead

Russian President Vladimir Putin met U.S. President Donald Trump's special envoy Steve Witkoff and son-in-law Jared Kushner in the Kremlin on Tuesday (December 2) for talks on a possible way to end the deadliest European conflict since World War Two.

Putin meets Trump envoys Witkoff, Kushner for Ukraine peace talks

Secretary of Defense Pete Hegseth said during a Cabinet meeting on Tuesday that the deadly boat strikes in the region near Venezuela and Colombia have "only just begun." This comes as Republicans and Democrats in Congress question the legality of the military action.

Hegseth defends boat strikes near Venezuela during Cabinet meeting

President Vladimir Putin has hailed what his commanders told him was the full Russian capture of the city of Pokrovsk in eastern Ukraine as an important victory after a prolonged campaign, saying it would help Moscow fulfil its wider war aims.

Pokrovsk

Russia claims control of Pokrovsk

Major rescue and recovery efforts are underway across Southeast Asia after a series of severe storms battered the region displacing millions and killing more than 1,100 people.

Nuwara Eliya

Severe storms batter Southeast Asia, displacing millions

Honduras’ presidential race is too close to call, with Nasry Asfura and Salvador Nasralla nearly tied at just under 40% each as technical glitches delay official results.

Tegucigalpa

Asfura, Nasralla in tight battle for Honduras presidency

Airbus must inspect hundreds of its A320 jets for potential quality flaws in the plane's body as a total of 628 aircraft contain panels that may be too thick or too thin due to a manufacturing issue at a supplier.

Blagnac

Airbus to inspect hundreds of A320s for defective panels

U.S. President Trump warns against actions that could ‘interfere with Syria’s evolution’ amid new Israeli incursions and strikes.

Damascus

Syria demands Israel withdraw amid escalating cross-border incursions

The White House confirmed it authorized a second airstrike on an alleged Venezuelan drug boat in September, but denied it ordered everyone on board be killed, which would be considered a war crime.

U.S. authorization of second strike of Venezuelan ship questioned

Monday is World AIDS Day. It has been recognized globally since 1988, but this year, the U.S. government is not commemorating it for the first time.

U.S. not recognizing World AIDS Day this year

Operation "Swamp Sweep," a monthslong immigration crackdown centered in New Orleans, is set to begin Monday. CBS News national reporter Kati Weis has the details.

New Orleans

Immigration enforcement operation set to begin in New Orleans

Luigi Mangione, the man charged with murdering UnitedHealthcare CEO Brian Thompson, was in a New York City courtroom on Monday for a pre-trial hearing focused on what evidence the jury will see. CBS News' Anna Schecter has the details.

New York

Luigi Mangione's lawyers seek to toss evidence in state murder case

West Virginia Gov. Patrick Morrisey said Monday that Andrew Wolfe, the second National Guardsman shot in Washington, D.C., last week, has woken up from an induced coma.

National Guardsman injured in shooting has woken up from coma

Lawmakers are questioning the massive mobilization in the Caribbean as President Trump announced airlines and pilots should consider "the airspace above and surrounding Venezuela to be closed in its entirety." It comes amid new controversy over the strikes on suspected Venezuelan drug boats that has some lawmakers raising questions over whether the Pentagon committed a war crime.

Caracas

Pentagon 'may have' committed war crime amid questions over drug boats

Steve Witkoff, one of President Trump's key envoys helping negotiate a peace proposal between Russia and Ukraine, is set to meet with President Vladimir Putin in Moscow, the Kremlin says. CBS News' Ramy Inocencio reports.

Trump envoy set to meet with Putin in Moscow, Russia confirms

Russian missiles and drones continue to hit Ukrainian cities even as U.S. negotiators try to broker a deal between the two countries. Some Ukrainians have expressed anger over President Trump's original peace plan put forward last month, saying it does not guarantee their safety.

Kyiv

Ukrainians express anger over Trump peace proposal as strikes continue

Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson last December, is set to appear in court for hearings on evidence for his upcoming trial. CBS News' Katrina Kaufman reports.

Luigi Mangione headed to court on what evidence should be allowed

Thousands rallied outside President Isaac Herzog’s residence in Tel Aviv, urging him to reject a pardon request from Prime Minister Benjamin Netanyahu, who faces fraud charges. Demonstrators held signs demanding accountability and warned that approval could undermine justice in Israel.

Tel Aviv-Yafo

Protests in Tel Aviv after Netanyahu seeks pardon in fraud cases

The Ukrainian delegation met with U.S. officials in Miami on Sunday ahead of scheduled talks between the U.S. and Russian officials, including Vladimir Putin, later this week.

Miami

Rubio calls U.S.-Ukraine talks productive but says more work ahead

Israeli Prime Minister Benjamin Netanyahu submitted a formal pardon request in his long-running corruption cases to the Israeli president. Herzog says he will "sincerely consider the request."

Netanyahu asks president to grant him pardon from corruption charges

Two men and two women from the Paris region have been taken into custody in connection with the theft at the Louvre last month, prosecutors said.

Paris

Four more suspects arrested over Louvre jewelery heist

Entire areas of Sri Lanka's capital were flooded on Sunday after a powerful cyclone triggered heavy rains and mudslides across the island, with authorities reporting nearly 200 dead and dozens more missing.

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Banking Crisis