this is cnn breaking news. i m max foster joining you live from london. bianca is off for the day. we ve got breaking news to bring you at this hour. it is that essentially the second largest bank failure in american history has been announced. first republic taken over by the authorities late last night. and they have sold a large proportion of the assets to jpmorgan chase. thos those assets we re being told is just announced by the federal deposit insurance agency. that s the agency that ensures deposts for customers. this is the third bank to fail in two months. there s a relief other banks haven t failed. as you can see, the medium-size banks are struggling in the united states. there s concern that contagion may spread to other parts of the world. but so far, the authorities seem to be handling each one on a case-by-case basis. as i was aing, j.p. morningen will take over the assets, the deposits held with the bank. customer deposits are safe for now. authorities tryin
pete: yes, it s like selection sunday. yes, no, yes, no, yes, today. you know why, because my family does our draft off selection sunday on monday. march madness begins and we have our fox & friends branded sports court. rachel: that s amazing. pete: do you shoot hoops? joey: no, we didn t have enough concrete where i lived. it was all gravel. rachel: i m tight feet so basketball is not my game. but i m excited on the square and also i m excited about house fire, which house fire is performing for faith and friends concert series leading up to easter every weekend and leading up to easter, there s great faith-filled music bands and today is house fires. so they ll stay with us for that. joey: walked in at 5:00 a.m. and they sounded beautiful. thought they brought a band to say hey to me. rachel: like pete said, it s like a church. pete: stick with it, it s great. joey: we re beginning with a fox business alert, the collapse of silicon valley bank stunning the global financi
this is cnn breaking news. i m max foster joining you live from london. bianca is off for the day. we ve got breaking news to bring you at this hour. it is that essentially the second largest bank failure in american history has been announced. first republic taken over by the authorities late last night. and they have sold a large proportion of the assets to jpmorgan chase. thos those assets we re being told is just announced by the federal deposit insurance agency. that s the agency that ensures deposts for customers. this is the third bank to fail in two months. there s a relief other banks haven t failed. as you can see, the medium-size
fdic insurance, sorry to prolong, it only insured up to $250,000 and there s enough coverage to give all the depositors 502075% of their money immediately. joey: as long as two or three or four other banks haven t made the same mistake and predict it quickly and can you predict there s other bank withs the same vulnerability? there s not with the same vulnerabilities and people look at the same issues and this is what happen when is there s a run on the bank and doesn t happen that spawn last one in 2008. joey: the banks aren t foolproofed here and people aren t staying. robert wolf, thank you for being with us. rachel. rachel: amen to that, joey. these are the lifebloods of so many communities. thanks, joyy.
provinces have been encouraged to sit down with the taliban, in terms of establishing or thrashing out what this new government is going to be looking like. what exactly are the taliban trying to achieve? could you just let us know what details you just let us know what details you have? you just let us know what details ou have? ., you just let us know what details ou have? . ~ ., you just let us know what details you have? you just let us know what details ou have? . ~ ., , ., you have? yeah, we know they are in a sense national you have? yeah, we know they are in a sense national talks you have? yeah, we know they are in a sense national talks going - you have? yeah, we know they are in a sense national talks going on - you have? yeah, we know they are in a sense national talks going on in - a sense national talks going on in kabul with leading figures from across the country about what sort of government will be put in place. but the taliban says it is also talking to regional