silicon valley bank s collapse on friday has sent shock waves around the world. it s forced central banks and regulators to act. on friday, california banking regulators closed down svb financial group the largest bank failure since the global financial crisis. since then, two other regional banks have also gone bankrupt silvergate, signature bank in new york while first republic was also forced to reassure investors after its shares plunged 60% in pre market trading. in a bid to stem contagion across the industry, the us government stepped in, effectively guaranteeing deposits across the entire banking system, ensuring all account holders will be able to retrieve any funds they have on monday morning. a statement by the us treasury and federal reserve said the plan will ensure the resilience of the broader us banking system. meanwhile here in the uk, hsbc has acquired silicon valley bank uk forjust one pound. the uk govt also said customer deposits will be protected an
five or ten years being really characterised by a lot of churn and push towards more statism. we remain quite sceptical of the ability to turn the economic fortunes. there have been good signs in the past, a few days that they are a bit more rational, realistic, setting the gross targeted 5% but the end of the day, the composition of the committee is reallyjust where xi jinping is, that shows that politics will be there for a little while longer so we take the news with a grain of salt. i longer so we take the news with a grain of salt- longer so we take the news with a grain of salt. i wonder some of the events matching grain of salt. i wonder some of the events matching away grain of salt. i wonder some of the events matching away from - grain of salt. i wonder some of the i events matching away from mainland china do weigh on the willingness of international companies to continue investing in increased investments investing in increased investments in china. we have t
we will be live in belfast in a moment or two. sport and for a full round up, from the bbc sport centre now. we ll start with the first 147 maximim break at this year s world snooker championship, it s come on day 5 at the crucible is sheffield from kyren wilson in his 2nd round match against ryan day. the maximum break, where you pot all 15 reds, 15 blacks and all the colours has only been done 12 times before in the history of the tournament. and what about this for nerves of steel? there s also a prize pot totalling £55,000 that wilson would take home if no one else can match him. as for the match itself they ll resume this evening in sheffield with wilson leading day by 6 frames to 3. the winner plastohn higgins in the second round. 0n the other table, england s jack lisowski has beaten noppon saengkham of thailand by ten frames to seven. lisowski will face the winner of the match betweenjudd trump and anthony mcgill, that s going on right now. mcgill leads 7 5. later, m
service even issuing an alert that didn t mince words, exclaiming quote to protect your life. take cover. now a former mayor of rolling fork told a local television station that a tornado blew the windows out of the back of his house. and the sharkey county sheriff s office reporting gas leaks and people trapped in piles of rubble, mississippi governor tate reeves saying in a twitter post that search and rescue teams are active and that more ambulances and emergency assets are being sent to those affected areas. the governor also saying quote many in the mississippi delta need your prayers and god s protection. the storm prediction center, saying the greatest threat of tornadoes overnight will be in arkansas, louisiana, mississippi and tennessee. storms with damaging winds and hill also forecast from eastern texas and southeastern oklahoma into parts of southeastern missouri and southern illinois. let s go now to fox weather meteorologist ian oliver, who s standing by with th
through something like this. yet again, black parents grieve a son s death from police brutality. it s a story that dates back to the very origins of america. and it s a history that conservatives are fighting very, very hard to eliminate from our schools. also tonight, the unanswered questions in tyre nichols death and the police chief responsible for hyperaggressive police units with names like scorpion and red dog. plus, the possibility that a former fbi official accused of secretly working for a russian oligarch could have played a role in tipping the 2016 election to donald trump. we begin tonight with the fallout over the tragic death of tyre nichols at the hands of five memphis police officers. now, if you have a heart, what happened to the 29-year-old father, skateboarder, fedex driver and amateur photographer should outrage you. it should shock and disgust you. as should the so-called brothers who chose to begave like a little blue gang rather than black men