and titans many charged with being woke, but the fact of the matter was, it was a bank that made the wrong bet on treasuries at the wrong time and bought tens of billions of those, the price of treasuries went down and flat-footed while people wanted their money. now it s in receivership and run by the federal deposit insurance corporation. it s a dramatic played out amidst talk there could be other problems out there. kelly o grady has more from los angeles. kelly. good morning to you, neil. yes, it s the second biggest banking collapse in u.s. history. the first major one since 2008 and it all happened in the span of 48 hours, what started this is svb found its self short on cash. the stock was plummeting. invests warned they might not be able to raise money and a bank run and loss of clients and simultaneously tried to withdraw fund. and the regulators have taken over it and insured depositors will gain access by monday. fallout could be dire. roughly 50% of venture capi
responsible completely. welcome to fox fox news live, i m eric shawn. hey, arthel. arthel: hello, everyone, i m arthel neville. new questions today about what led to this e epic collapse. in 48 hours, the go-to bank for tech start-ups and small businesses went belly up. the fdic, which insures bank deposits up to $250,000, says customers will have access to their money by tomorrow morning. here s secretary yellen earlier today. what i do want to do is emphasize that the american banking system is really safe and well capitalized. it s resilient. during the financial crisis, there were investors and owners of systemic large banks that were bailed out. we re not going to do that again. eric: well, is this going to cause a meltdown the on wall street and elsewhere? nate foy is here following other breaking news. reporter: in her remarks this morning, secretary yellen kid the not say how regulators plan to help depositors, only that they will. and she assured that the u.s.
rios and their friend, dora signs. none of them have been seen or heard from since february 24th when they crossed into mexico from here in the rio grande valley to go to the flea market to sell some clothes. we re told they were heading towards a city southeast of monterey about 3 hours south of the u.s. border, and they went dark after they crossed the border. their families haven t heard from them. the fbi s investigating on the u.s. side of the border while mexican authorities investigate on their side of the border. now this comes as texas dps is putting out a washing to all texans, do not go into mexico, and a democrat senator says mexico has got to get its act together. take a listen. mexico has a responsibility, first and foremost, to its own citizens to establish safety and security within its own territory and to those who visit its country as well. and so we need to up dramatically in our engagement with mexico. it can t be all about economics,
and penitas p.d. says they ve been in touch with the women s families and they re concerned that they re kidnapped in mexico. they reached out to the fbi to make them aware of this and the fbi confirms to fox news, they are aware and are not commenting. telling the women were last seen driving in a green 1996 chevy silverado with texas license plates. let s talk about where they were going exactly, if we can pull up the map here. the women are from penitas a town west of mcallen and they crossed somewhere in the rio grande valley and headed to mexico, a city southeast of monterey, three hours south of the u.s. border. going to sell clothing at a flea market. mexican authorities are taking lead on this case, on the u.s. side. it will be the fbi and the state department confirms to fox news, they are aware of
By Michael Kinney | Video by George Mitchell With a month left in the regular season, basketball teams across the state will hit the road this week. For the