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protection in the united states, while it seeks buyers for its assets. that s hot on the heels of its subsidiary silicon valley bank being taken over by us regulators and the british arm of the same bank being bought by hsbc. separately, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic, a regional us bank based in san francisco. here s samira hussain in new york. good to have you with us. explained this bankruptcy protection, how significant is it for svb financial group? it significant is it for svb financial . rou . ? ., , significant is it for svb financial u-rou? ., significant is it for svb financial a-rou? ., .,., significant is it for svb financial u-rou? ., . , , , , group? it wasn t a total surprise that svs, group? it wasn t a total surprise that svs, the group? it wasn t a total surprise that svb, the parent group? it wasn t a t ....
Protection in the united states, while it seeks buyers for its assets. that s hot on the heels of its subsidiary silicon valley bank being taken over by us regulators and the british arm of the same bank being bought by hsbc. separately, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic, a regional us bank based in san francisco. here s samira hussain in new york. good to have you with us. explained this bankruptcy protection, how significant is it for svb financial group? it significant is it for svb financial . rou . ? ., , significant is it for svb financial u-rou? ., significant is it for svb financial a-rou? ., .,., significant is it for svb financial u-rou? ., . , , , , group? it wasn t a total surprise that svs, group? it wasn t a total surprise that svs, the group? it wasn t a total surprise that svb, the parent group? it wasn t a total surprise th ....
Going to do this. because we are looking at a position in which all the people who have money at svb want to be able to get some of that back. and that s why you are seeing that they are trying to sell off parts of it. it is not totally a surprise, but it does sort of set up what could be a battle between this bankruptcy protection and the fdic. it is the fdic that has taken control over the bank svb, silicon valley bank. they are trying to recoup money and then you have this bankruptcy protection so they could be a bit of a skirmish in that. we have seen be a bit of a skirmish in that. we have seen in be a bit of a skirmish in that. we have seen in the past, central banks step in to help out troubled banks under pressure. this is quite an extraordinary situation with first republic bank in the us, where other banks, not the central bank, but other financial institutions have stepped in together to help shore it ....
This year acknowledged an increasing the fraudulent elector scheme. we now know, at least from the house select committee s own investigation and the hearings that we ve seen that that scheme, you know, went pretty high up into circles around president trump, a number of the people that pete just mentioned who are very close to president trump, they had a role in that fraudulent elector scheme, as we ve seen or at least into promoting it and promoting to the president, to the former president, what he should be asking the former vice president to do. so, it was an acknowledgement, maybe a little bit more so than we ve seen, but it wasn t a total surprise, i don t think, to most of us that that investigation is ongoing and that that is something that extends, you know, up to the very circles right around the former president. mary, were you surprised by this announcement today? so, i i did not think it ....