hello, everyone. welcome to cnn newsroom. and i m john berman. victor is off this froop. and we begin with president biden s dramatic overnight move to dparnguarantee the money is e bank. this comes after the failure of two banks. today the president announced regulators are taking them over, but unlike what was seen in 2008 the u.s. will cover only bank customers not bank investors. all customers who had deposits in these banks can rest assured that we protect it, and they ll have access to their money as of today. that includes small businesses across the country that bank there and need to make payroll, pay their bills and stay open for business. investors in the banks will not be protected. they knowingly took a risk, and when the risk didn t pay off, investors lose their money. that s how capitalism works. svb s small businesses are thankthal for president biden s decision. i am quite relieved from what i heard from president biden. i think the administration h
The FSCA has warned potential investors to be wary of GS Partners, which has been offering unrealistic returns, is not licensed in South Africa and has attracted scrutiny from regulators in 10 other jurisdictions in Canada and the US.
The Nigerian minister for comms, innovation and digital economy has unveiled the Startup Engagement Portal. The Portal, which comes one year after the enactment of the Nigeria Startup Act, will simplify registration for startups.More in #TC Daily.