legal huddle. meeting with his lawyers to talk about fighting a potential criminal indictment. all the while his potential 2024 challengers takes s new slogan to a key state. then the largest bank failures since 2008. s v b, silicon valley bank imploding in just 30 hours. how did it happen and what are the consequences? and our friday night cap is here talking all about the biggest stories of the weekend some you may have missed. the 11th hour getting underway right now. good evening once again. i m stephanie ruhle. it is finally friday and you know what that? means we are closing out the week with a friday night cap and you do not want to miss a minute. so get comfortable and settle in because that is coming right up. but first, the twice impeached ex president, he s getting ready to spend his weekend huddling with lawyers in florida to figure out a strategy for dealing with an escalating legal threat. we told you last night donald trump has been invited to appear before a m
challenger takes s new slogan to a key state. then the largest bank failures since 2008. s v b, silicon valley bank imploding in just 30 hours. how did it happen and what are the consequences? and our friday night cap is here talking all about the biggest stories of the week and some you may have missed. the 11th hour getting underway right now. good evening once again. i m stephanie ruhle. it is finally friday and you know what that means! means we are closing out the week with a friday night cap and you do not want to miss a minute. so get comfortable and settle in because that is coming right up. but first, the twice impeached ex president, he s getting ready to spend his weekend huddling with lawyers in florida to figure out a strategy for dealing with an escalating legal threat. we told you last night donald trump has been invited to appear before a manhattan grand jury investigating the 2016 hush money payment to former porn star stormy daniels. trump s lawyers tell nbc
diversified bank. this could be like being a bank to the shoe industry, or the roofing tile industry. it might be really lucrative and you might have all the contacts and you might really know how to appeal to them. but what happens when the industry weakens? that s what happened. the tech industry was on fire, everybody wanted a tech company they thought it was gonna go public under and make 46 billion dollars. and then they didn t. and the money is sitting in this bank, and it s not getting the interest that these owners could get if they put it in treasury box. and i don t know why silicon valley bank didn t think people would take the money out and put it in treasure box because that s what they did! they needed to increase their interest rate of the. but here s what s scary and interesting, the ftc has taken over this bank. they ve never done that some of their business. the last time they did something like this was andy mack that had 30 billion dollars in assets. now you
we re not overly exposed in one customer. but they never thought about industry concentration. you ve got this one bank that basically lends to the entire start-up community. yes, correct. people have been saying, that s really risky. it may or may not be, you just have to understand the risk. the idea that you re not a diversified bank. this is like being a bank to the shoe industry, or the roofing tile industry. it might be really lucrative and you might have all the contacts and you might really know how to appeal to them. but what happens when the industry weakens? that s what happened. the tech industry was on fire, everybody wanted a tech company they thought it was gonna go public and make 46 tillion dollars. and then they didn t. and the money is sitting in this bank, and it s not getting the interest that these owners could get if they put it in treasury box. and i don t know why silicon valley bank didn t think people would take the money out and put it in treasure box beca