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BBCNEWS BBC News July 6, 2024

i think that is a very dangerous place to i think that is a very dangerous place to be in. us i think that is a very dangerous place to be im i think that is a very dangerous place to be in. us regulators have shut down silicon place to be in. us regulators have shut down silicon valley - place to be in. us regulators have shut down silicon valley bank, . place to be in. us regulators have| shut down silicon valley bank, the biggest banking failure since the 2008 financial crisis. officials in hamburg say the gunmen who shed dead seven people atjehovah s witness meeting her was a former member of the religious group who left on bad terms. we will catch up with lesley paterson the triathlete nominated for numerous awards at this weekend s oscars for her screenplay of a german first world war epic. so i went up to tom cruise and i said, hi, tom. my name is lesley paterson, writer of all quiet on the western front. he said, i know your story, he said, how many hou ....

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CNN CNN This Morning July 6, 2024

the federal government is now stepping in to calm financial panic over the failure of two u.s. banks. the biden administration announcing it will extend a federal backstop to all the banks deposits. treasury officials push back on the idea this was a bailout saying the burden is not borne by the taxpayers. we ll hear from president biden moments from now. water everywhere, causing chaos across central california. warnings of intense sustained flooding in the days ahead. it s unimaginable. folks, we are not done yet. former vice president mike pence telling a crowd in washington that history will judge donald trump for his actions on january 6. probably not a message that will be terribly popular with republican-based voters. three women who live in texas are believed to be missing in mexico. we really haven t had any other incidents that i can recall. and the oscar goes to everything, where every, all at once. this year at the academy award ....

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CNN CNN This Morning June 4, 2024 11:05:00

White house. thank you. zb let s talk about. this two banks abruptly closed their doors. the u.s. government is backing deposits for silicon valley bank and signature bank. christine romans is here along with a senior editor and reporter. i want to get to you on what the federal government is doing in a moment. can you explain this? it is not just the bank that happened on friday, svb this is also this bank from yesterday that collapsed after the warning they got. this is a run on the bank. classic run on the bank. the fed started cranking up interest rates, right? all of these long dated treasuries that svb had on the books got less and less valuable. at the same time, tech was starting to have a down turn. so the companies that used to be putting money into the bank were taking money out of the bank because they were burning so much cash. of. suddenly, it became clear that the bank was selling its treasuries at a loss. it spooked investors. ....

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BBCNEWS BBC News June 4, 2024 10:17:00

Speak to people who have not got the money out it s a time of deep concern. they may not know for another 48 hours whether the money has evaporated and there is another worry. it s notjust a little solely about start ups. this could spread to other banks across the world. for more on this i am joined by the financial commentator. thank you for your time today. tell us more about why this has happened. it’s a why this has happened. it s a classic run why this has happened. it s a classic run on why this has happened. it s a classic run on the why this has happened. it s a classic run on the bank. - why this has happened. it s a classic run on the bank. a - why this has happened. it s a - classic run on the bank. a couple why this has happened. ut s . classic run on the bank. a couple of days ago following the failure of the crypto related bank that went down in flames wednesday this week, silicon valley bank announced it was going to restructure its balance sheets. set up a por ....

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