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
president in us history asks a divided nation to assess his achievements of the first term. there is much to debate. sweeping economic legislation and the recovery after the pandemic at the foreign policy front, marshalling the western alliance to support ukraine, but there s also the withdrawal from afghanistan on his record and high inflation that continues to undercut the efforts to stage an economic revival across the country. with all of that in mind, we can speak to michelle in new york. this announcement was not met with surprise but has it been met with surprise but has it been met with much enthusiasm? if with surprise but has it been met with much enthusiasm?- with surprise but has it been met with much enthusiasm? if you go by the polling. with much enthusiasm? if you go by the polling, there s with much enthusiasm? if you go by the polling, there s a with much enthusiasm? if you go by the polling, there s a sense - with much enthusiasm? if you go by the poll
this is unprecedented and it is historic. the first time a former president has ever been criminally charged and therefor we don t have any real roadmap for how it will now play out. we do know former president donald trump will be arraigned next week in manhattan courtroo surrounded by extraordinary security fear also surrounded b security tonight the manhattan da alvin bragg leaving his office after grand jury decided he had to demonstrate probable cause in the case he has pursue against trump, alleging campaign-finance laws were broken but was so-called hush payments to stormy daniels she claims she had an affair with trump before he ran for president for the immediate question is how exactly the former president will be processed and charged to move surrendering to authorities. it is a process, and arraignment, just like anyone else. and then you go from there. trump himself responded with fury tonight saying in part, quote, the democrats have lied and cheated and s
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