First Republic Bank is hemorrhaging value after Standard and Poors cut its rating to junk status on Wednesday amid broader fears about the banking sector in the wake of the collapse of Silicon Valley Bank.
kristin fisher, thank you so much, appreciate it. perhaps the king himself didn t need the money, but his famous home and tourist attraction graceland in memphis, well, they sure might like some. a set of complicated tennessee state-issued bonds tied to tourist revenue have gone into default. the bonds were offered five years ago, proceeds used to fund a massive expansion at graceland. now 20% of the tourism bonds are in junk status. however, the financial challenges might prove temporary. attendance has been boosted by the new film elvis out in theater and the city will celebrate elvis week next month. you could say the public can t help falling in love with graceland. attorney general merrick
risks a 70s style energy crisis and it s long been mr putin s calculation that western governments and western populations won t want to pay a price so high. even a conversation about sanctions on russia s oil saw the price of a barrel of crude oil leak to a ia year high this morning before settling still up on the day. even before this, pump petrol prices are now on average £155 a litre and heading higher. russia s economy is already taking a hit. brute heading higher. russia s economy is already taking a hit. already taking a hit. we see the rouble going already taking a hit. we see the rouble going through already taking a hit. we see the rouble going through the i already taking a hit. we see the rouble going through the floor, | already taking a hit. we see the i rouble going through the floor, we see russia s credit rating coming to zero, tojunk see russia s credit rating coming to zero, to junk status. see russia s credit rating coming to zero, tojunk status. the see russi