it comes after the embattled lender revealed that it suffered a huge drop in deposits during the first quarter. first republic came under intense pressure after silicon valley bank and signature bank collapsed last month. the bbc s samira hussain has more from new york. normally when a company s earnings for are released, executive hold a call with analysts where they take questions. but that wasn t the case for first republic bank. executives spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things have become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that s way more than half of the $176 billion it had on hand at the end of last year. after silicon valley bank and signature bank were taken over by federal regulators, wall street worried that first republic could be the next bank to go down, since it has similar clients to silicon valley bank people in the startup space. on mo
first republic came under intense pressure after silicon valley bank and signature bank collapsed last month. the bbc s samira hussain has more from new york. normally when a company s earnings for are released, executive hold a call with analysts where they take questions. but that wasn t the case for first republic bank. executives spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things have become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that s way more than half of the $176 billion it had on hand at the end of last year. after silicon valley bank and signature bank were taken over by federal regulators, wall street worried that first republic could be the next bank to go down, since it has similar clients to silicon valley bank people in the startup space. on monday, the bank said it would cut about a quarter of its staff and slash executive compensation. samira executive
it s pretty icy and very slick. like even in the areas that have been plowed really well, if you get about 40 miles per hour, you start sliding around. we rented a cabin for the week this week but we had to cancel it because we were worried we wouldn t get out of there later or get up the driveway. so we actually stayed home this week instead of going on a trip. that s the perils of winter but this is something else. wrong. look at us. hey! this is going to be trouble. it s about to be on. sarah and i have known each other forever. poppy and kaitlan are off, sara sidner is with us. are you ready for the weather? no. this is why i m here. this suit it s hot. it s hot. thank you. millions of americans coast to coast bracing for extremely low temperatures, dangerous wind chills and power outages. it is serious out there. we have reporters across the country covering the storm. plus the january 6th committee releasing the final report and placing the
comcast business. powering possibilities. hello, everyone. it is the top of the hour. thanks so much for being with us. i m kate bolduan. it is the storm impacting pretty much everyone in one way or another across the country today. more than 200 million americans under windchill alerts and holiday travel plans are getting much more complicated by the hour for so many people. life-threatening cold has pushed all the way to the gulf coast and the mexico border and with more than 70 million americans facing temperatures below zero today, blizzard warnings remain in effect for more than 11 million people, mostly near the great lakes. areas near buffalo could see up to three feet of snow. they ve been getting walloped already this season and making matters worse, the damaging winds that knocked out power for more than a million customers from texas to new england, all of this is wreaking havoc on typically one of the busiest travel days of the year. more than 3,900 flights have
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