that comes after the embattled endo revealed it suffered a huge file and deposits the first quarter. it became under pressure after other banks collapsed last month. we have more from new york. normally when a companies earnings for a quarter are released executives hold a call with analysts where they take questions but that was not the case for first republic bank. executive spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things had become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that s way more than half of the $176 billion it had on hand at the end of last year. after at the end of last year. after a silicon valley bank and signature bank were taken over by federal regulators while the street worried that first republic could be the next bank to go down. since it has similar clients to silicon valley bank. people in the start up space. 0n valley bank. people in the start u
it comes after the embattled lender revealed that it suffered a huge drop in deposits during the first quarter. first republic came under intense pressure after silicon valley bank and signature bank collapsed last month. the bbc s samira hussain has more from new york. normally when a company s earnings for are released, executive hold a call with analysts where they take questions. but that wasn t the case for first republic bank. executives spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things have become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that s way more than half of the $176 billion it had on hand at the end of last year. after silicon valley bank and signature bank were taken over by federal regulators, wall street worried that first republic could be the next bank to go down, since it has similar clients to silicon valley bank people in the startup space. on mo
[national anthem] finish if. [national anthem] [background sounds] if oh, they re actually arriving right now. rachel: good morning, everybody. we are live from the cay tone that 500 daytona 500. it has been can i just comment a little bit on the star spangled banner that we just listened to? there was a lot of cuteness in that pete: yeah, there was. little kid in a big chair, that s my favorite one. rachel: for sure. what an exciting event we have been at this entire weekend. i m just going to say this, guys, i m going to say good morning and also what happens in daytona stays in day own that. that s all i m going to the i say about last night. [laughter] pete: what else are you saying? will: we re going to tell them, because they re part of our family. we had a good time, went to dinner, the three of us togethe- rachel: joey with us. pete: we went to dinner, tied a few on. had some good steak. that bill was really high will: thank you
first republic came under intense pressure after silicon valley bank and signature bank collapsed last month. the bbc s samira hussain has more from new york. normally when a company s earnings for are released, executive hold a call with analysts where they take questions. but that wasn t the case for first republic bank. executives spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things have become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that s way more than half of the $176 billion it had on hand at the end of last year. after silicon valley bank and signature bank were taken over by federal regulators, wall street worried that first republic could be the next bank to go down, since it has similar clients to silicon valley bank people in the startup space. on monday, the bank said it would cut about a quarter of its staff and slash executive compensation. samira executive
sunday. it s an open air north turn down there in florida live at 6:00. and can you tell that the weather is perfect. why are we up actually in new york city where it s 60 degrees. only 70 something down there why can tell we just don t have the rcars. i postulated that all three weekend anchors would be in racing suits. a unitard today. just to get into the theme of their weekend coverage. i bet you $100 that is not going to happen. guess what? i wore mine. it s a one-piece. brian: you should cover it? is it fire retardant? ainsley: we are not going to try that out. let s not test it. steve: thank you very much for joining us on a friday. kind of a long week. nonetheless, will and racism are having breakfast with friends along of the big race this weekend. how did you get some people in there so early? must be the coffee? rachel: it s the coffee but florida just loves fox news. steve: yes, they do. rachel: true fans of our network. we are excited bass we we