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additional funding available t help banks meet the needs of their depositors this comes just days after the collapse of silicon valley bank nbc news producer garrett grew back joins me now. gary, what more. do we know we do have the statemen straight from we will read a portion of it t you now. after a recommendation from th board, the fdic in the federal reserve, and consulting with the president, secretary yelle improved actions enabling th fdic to complete its resolutio of silicon valley bank tha mirror that fully protects the depositors what does this mean? basically, the depositors will have access to all of thei money starting tomorrow. and no losses associated wit the resolution of silico valley bank are going to b borne by the taxpayer. that is zero dollars there senior management of f s vp ar going to be completely removed from the company, according to treasury and they say that it i decisive action that wil protect the u.s. economy b strengthening public ....
mirror that fully protects the depositors what does this mean? basically, the depositors will have access to all of thei money starting tomorrow. and no losses associated wit the resolution of silico valley bank are going to b borne by the taxpayer. that is zero dollars there senior management of f s vp ar going to be completely removed from the company, according to treasury and they say that it i decisive action that wil protect the u.s. economy b strengthening public confidenc in the banking system. now, one big thing, th statement did not say wa anything about the sale of the bank if you talk to any members o congress, like our team on capitol hill, yesterday an today, the biggest thing the want is a sale of the bank and on the congressional side, the california delegation of republicans and democrat wrapped a briefing call this afternoon. they were briefed ahead of thi public statement they want both the engineering of a sale of the bank, and t raise the fdic limit ....
In charge of Guantanamo Bay he let president obama know his views on that. He seems to have an excellent opinion amongst the army and much of the armed forces. The president respects much of what he has to say. He is an outspoken man and one that President Donald Trump seems to greatly respect. At the moment, anyway. Thank you very much. Time now for newsnight. To be deemed safe, cladding systems are meant to survive a ao minute fire test. Today, we learned grenfells lasted just nine. 82 other buildings use a design thats similar enough to be troubling. Also tonight, were used to being on the wing to europe in our millions, but when we leave the eu, will we be forced to go into reverse, or even be grounded . If we do not have a transitional arrangement and if we are not a member of the eu as part of that transitional arrangement, then we have chaos. And ahead of tomor ....
This document does not constitute a prospectus and has not been approved or reviewed by any authority. It is provided solely in accordance with and for the purpose of Art. 1 para. 5 . ....