fell 20% after its largest investor said it could not provide the bank with more financial assistance. meanwhile the department of justice and the sec have launched dual investigations into the bank sudden collapse. now this hour yesterday was when that was breaking, we were finding out exactly what they were going to be going through. one area that may achieve those federal prosecutors involved share, sold before the bank imploded. and we are learning more about spv s board that was light on banking and insurance, but had some with lehman brothers according to maria bartiromo that told me last hour, apparently packed with staunch democrats, check the box of what you can do for the job less important then check the box over there as donor cash dollars
given the station says is knocking to come out on the taxpayer. do you believe that? i don t understand how it doesn t come out of the taxpayers. i can t figure that one out. i when like you explain it. who s paying that? how do they pay? a course of the taxpayers pa the bill. what is it go entries? were it not provided, the poor depositors, they would ve lost everything we see. again, biden s team is partly responsible. those being bailed out aren t exactly destitute grandmothers. the sophisticated investors and their sophisticated players who make deposits in this it bank i excess of what the fdic clearly enjoys. they all knew they were taking risk in keeping that money and that one bag, but they did it anyway. he was a partial list of the businesses you are bailing out. raghu had $487 million and spv.
Varun Beverages Limited has invested 9.80% of Equity Share Capital i.e., 5.68% on fully diluted basis of Lone Cypress Ventures Private Limited, a special purpose vehicle engaged to supply solar power to consumers in the state of Uttar Pradesh.
better. so far today, the number is not too staggering. just over 100 cancellations. that is not too high, but we will see how we fear in the next 18 to 36 hours. john: if christmas week proved anything, little margin for error becomes a huge problem for millions of people. it was updated. thank you. continuing to fox weather by downloading the free app. you can also use your phone to scan that beautiful little qr code on the right-hand side of your screen. sandra: john, thank you. quick look at the markets. more than halfway through the trading day as markets open a brand-new week following the meltdown of the spv. looking at markets basically searching for direction. they were up nearly an hour or so ago. that is in anticipation of perhaps the fed will have to slow down. but now it is hovering right around the flat line.
case but it reflects a much bigger issue which is that we are going to have bumps along the way in adjusting to high interest rates, with the possibility of economic and financial accidents. financial accidents. earlier today in a bid to financial accidents. earlier today in a bid to stem financial accidents. earlier today in a bid to stem contagion - financial accidents. earlier today | in a bid to stem contagion across the us industry the us government stepped in across the entire system and ensure account holders could retrieve funds. president biden says taxpayers will not bear any losses from the move which would be funded by fees readily discharge the banks. they also took over six figure signature bank of new york which was the most vulnerable after spv. president biden also said the banks leaders would be fired. our trade correspondent has more in the potential fallout. correspondent has more in the potential fallout. when you look at silicon valley potential fallout. w