that ensures bank deposits and overseas financial institutions. the agency says all insured depositors will have access to their deposits no later than monday morning. the fdic ensures deposits of up to $250,000. why did this bank fail so quickly? it is an old school bank run in a modern economy. you can point to two reasons. the first is that the fed has been increasing interest rates since 2022. that has an effect on thing bank s assets, which means its unrealized bonds were worthless money. those increased interest rates has had a devastating effect in the tech sector at large. the tech sector has seen layoffs and funds been sold off. that has led to panic. that s led to group chats of founders of vcs all abuzz with what to do with svp. that led to panic. nobody wants to be the last customer held at a bank. help break down all those affected. svb was the premier bank in silicon valley. we ve seen tech companies banking at svb as kind of a badge of honor. right now we
become the first former president ever to be criminally indicted. ahead why his former lawyer, michael cohen might play a key role. in california residents are preparing for another round of severe weather including excessive rainfall, official from monterey county joins me in a few minutes and a shock and outrage in germany after a deadly attack on a jehovah s witness church. . . live from cnn center. this is cnn newsroom. with kim brunhuber. it s been more than six years since $130,000 in hush money was paid to porn star stormy daniels to keep her from going public about an alleged affair with donald trump, that payment was made days before the 2016 presidential election, now, the new york times reports the trump has been offered a chance to testify next week before the grand jury that s been hearing evidence in that case. cnn evan paris tells us what it might mean for the former president. reporter: we know that they met with trump team recently and time says that
just ahead on cnn newsroom mr. president a decision on whether to seek an indictment is very close at hand and frankly it is quite likely here. we re not out of the woods with the winter storms and this is a big one. we re looking at this as a big event. all four of the americans who were kidnapped are back on u.s. soil. we heard gunshots and there were 12 continuous shots. we saw people being taken away in black bags. liver from london, this is cnn newsroom with max foster and bianca nobilo. it is friday, march 10. this 4:00 a.m. in new york where donald trump may be just a short time away to become the first former president ever to be criminally indicted. the district attorney s office recently offered him one final chance to testify next week. that would be before the grand jury hearing evidence in the stormy daniels hush money case. according to the ti times, in almost always indicates an indictment is close. the investigation centers on $130,0
the judge considers bail for the suspect leaks case. why prosecutors say he is a flight risk. and reports of fighting in khartoum, despite new cease-fires. foreign citizens rushed to evacuate. live from cnn center, this is cnn newsroom with kim brunhuber. a former vice president compelled to testify about his direct conversations with the president he served. that s a situation mike pence found himself in on thursday before a grand jury in washington former vice president testified before a federal grand jury for more than five hours. that testimony would have been about what happened after the trump the president at the time, at a time when donald trump was pressuring him to overturn the vote. hints pence refused to do so. pence has also spoke about this conversation publicly. he s right about them in his book. the on a tour of really regularly. whenever before as an investigation, as a grand jury and have prosecutors gotten pence under oath to reveal
visit, alongside the leaders of the church of england and church of scotland. hello to you in the uk, and around the world. in the last few hours, a united states fighterjet has shot down a chinese surveillance balloon which had been spotted over sensitive us military sites, on the orders of president biden. three airports on the east coast were closed in preparation for the operation. beijing has tried to calm the diplomatic row about the balloon, insisting it was gathering weather data and wasn t being used for spying. a short time ago, this is what president biden said. i ordered the pentagon to shoot it down as soon as possible, they decided without doing damage to anyone on the ground. they decided that the best time to do that was as it got overwater within a 12 mile limit. they successfully took it down, and i want to complement our aviators who did it, and we ll have more to report on a little later. our north america correspondent david willis has been giving us the