rate hikes. speak on one hand, the fed has to raise rates, ablation is still a problem. on the other hand you say, wait a second, there was just a ripple through the banking system that unnerved people. reporter: for travis, who found another commercial bank to do business with, hard times are still ahead. we have a list of all of our suppliers and we are just calling every single one to say, we are not going to be able to pay our bill this week, possibly not next week. reporter: and for those reasons, travis is completely fed up and done with this bank, but as of now, it is officially known as the silicon valley bridge bank, and today, its new ceo reassured existing customers that all of their deposits, even those above a quarter of a million dollars, norah, are fully protected by the federal government. norah: all right, errone safety summit tomorrow, prompted by a string of close calls at
just bad piloting, one official said. u.s. officials believe the russians were dumping their fuel in an attempt to damage the drone. now, the pentagon wants to recover the wreckage before the atatisnte eo. navy ships in the black sea. norah? norah: david martin, thank you. cbs news has confirmed that the department of justice has opened an investigation into the collapse of silicon valley bank, just days after it was taken over by federal bank regulators. the news comes as inflation cooled in february twin annual rate of 6%, down from 6.4% in january. cbs s errol barnett has the continued fallout on the overall economy. they put all of us at risk, so i m pretty mad at them. reporter: melanie travis swimsuit brand andie is one of many start-ups with millions of dollars at silicon valley bank, a company she says insisted its assets were safe just hours before the collapse.
Against the backdrop of a wild year in fashion, fashion editor Lauren Sams shared the stories of some of the industry’s most interesting people and ventures. Here are 10 of the best read stories for the year.