that comes after the embattled endo revealed it suffered a huge file and deposits the first quarter. it became under pressure after other banks collapsed last month. we have more from new york. normally when a companies earnings for a quarter are released executives hold a call with analysts where they take questions but that was not the case for first republic bank. executive spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things had 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 at the end of last year. after a silicon valley bank and signature bank were taken over by federal regulators while the 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 start up space. 0n valley bank. people in the start u
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
as a bird strike sparks a fire in a plane engine how airports are trying to stop birds from causing potential air disasters. is there a future for bed bath & beyond? as the chain files for bankruptcy, what you need to know how artificial intelligence is helping the visually impaired the life-altering technology in our series a.i. revolution. and d the tributes pouring in for dance legend len goodman announcer: this is nbc nightly news with lester holt good evening and welcome on this monday we start with three major headlines from the media world swirling tonight that involve some of the most influential and/or provocative figures in the business starting close to home for us tonight where jeff shell, the now former ceo of nbc universal, is out, becoming the latest hollywood executive accused of sexual harassment and sex discrimination admitting he had an inappropriate relationship with a woman in the company that news eclipsed this morning with word embattled cnn
look at what it is like to take over a long running family business. time now to get down to business. we begin with energy. it will be clean and safe and power 1.8 million homes in the north of england and the midlands. that is the plan presented by the uk government and the netherlands who have announced the world s largest multiuse electricity powerline built under the north sea. the will connect the uk in the netherlands with offshore wind farms providing energy to britain aiming to reduce household bills. this announcement comes at the start of the second north sea summit which kicks off today in belgium, the founding countries are belgium, denmark and the netherlands will be joined by france, uk ireland norway and luxembourg and the largest ever coalition around energy in the northeast off let s talk to jess ralston head of energy at the energy and climate intelligence unit. first of all, uk government is saying it s the s largest of its kind, powerline is delivering c
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