about what happened with svb and may 1st will get the first look at what the federal reserve s own internal investigation into what happened at silicon valley bank. so we re learning more about what brought this bank to its knees. even as we find a new buyer here. i think this is good news for the stability of the american banking system. no question. this is the healthy way to do it. but when you have a weak bank, you have a stronger bank that buys it, so we ll closely be watching to see what happens next. but you have stability and banks really around the world. deutsche bank is up in europe. european shares are higher, so there is some feeling that the worst is behind us in terms of the banking sector, so this is just the latest in that sort of banking threat here. it s hard to keep track of the names was first republic and then sbb. and now it s first. citizens. that s right. that s right. who cares about the name? as long as your money is safe, right when you go to there s those s
know, i think at this in this at this point in time, i d be more cautious. and so what we hear from chairman powell this afternoon. we re going to hear him explain what they decide to do, whether they raise rates again or not, but he s also going to get an unusual set of questions. normally, it s about the fight against it in recent months, the fight against inflation, but he s gonna get a lot of questions about his performance and about the fence performances about the system s performance. in the banking crisis. you have some exclusive reporting, elizabeth warren and others in the congress. i ll read your graph from it after the bank failures. elizabeth warren demands fed crackdown a large regional banks irresponsible, excessive risk taking by sbb and signature executives should serve as a clear reminder that banks cannot be left to supervise themselves. the fed has a responsibility to ensure financial stability. what do we expect? the answer will be to have the fed given us any clue
stay in the town you grew up in a not necessarily get the job you want or you not necessarily get the job you want or you move to an urban centre like manchester. or you move to an urban centre like manchester, london, birmingham to pursue manchester, london, birmingham to pursue a manchester, london, birmingham to pursue a career that your prospect of owing pursue a career that your prospect of owing owning a home is very low. what of owing owning a home is very low. what are of owing owning a home is very low. what are the of owing owning a home is very low. what are the political consequences? not that much, we live in a country with ageing not that much, we live in a country with ageing demographic so you see things with ageing demographic so you see things like with ageing demographic so you see things like the pension reform. it s a huge things like the pension reform. it s a huge area things like the pension reform. it s a huge area of political gain. peop
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the financial times first reported is partly to blame. the ceo worked from hawaii and other top executives spread out across the united states just two weeks before it collapsed. sbb warrant we face risks from the prolonged work from home arrangement. svb put it at odds with some of the talk top banking ceos . it does not work for younger people to does not work for those who want to hustle. we want people back to work. this is not an employee choice . we have to get our employees back in the office picked we see this collapse in productivity. one former executives summing up the banks culture saying it is not cutthroat like goldman sachs. out front now the private and institutional capital correspondent has been following silicon valley bank closely and cowrote the story on the banks culture. you know,