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fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that s a hit. on the other hand, those banks still exist. you can t say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it s gone. federal regulators have rename it and taken it over. that means a lot of people lost a lotf of money. most of that money was not insured, no matter what they tell you. the fdic only guarantees bank deposits up to $250,000. nearly 90% of all deposits at svb exceeded that. and it s unclear if those people see their money again. in fact, when customers show up in svb s branch in manhattan to get the deposits back, managers called the police. so, what we have there is the 1929-s ....
rates still attest. but in silicon valley it made for an epic pay day. it was soon reflected on the balance sheets of its biggest local lenders which was called silicon valley bank. in 2018, svb had about $49 billion on deposit. three years later that same bank had amassed more than $189 billion. that is a gargantuan amount of deposits over a short period of time. dramatic enough to have raised a serious question and an obvious one. what was silicon valley bank gonna do with all that money? even the san francisco bay area, it would be hard to find qualified borrowers for $189 billion. you could not responsibly loan all of that money even if you wanted to. so what would you do with it? that s the question you would have asked if you were paying attention, both from inside svb or the regulatories action. turns out nobody was paying attention. nobody thought to ask for questions. we thought stress test silicon valley bank in the middle of a room. with a narcissism complex ....
hush money scheme. it may very well also be a court appearance that proceeds an indictment of a former president of these united states michael cohen, donald trump s former attorney and fixer went before a grand jury in manhattan today in what may be alvin bragg s end game a years-long investigation based on hush money payments made to porn star stormy daniels payments made nearly seven years ago. here s what cohen had to say earlier today before he went in for his grand jury testimony this is not revenge, right? what is this is about accountability i don t want to see anyone, including donald trump, indicted, prosecuted, convicted, incarcerated, simply because i fundamentally disagree with them this is all about accountability he needs to be held accountable for his dirty deeds. new york times reports this, quote, the manhattan d.a. s office has already questioned at least seven other people before the grand jury, hearing evidence about the hush money deal that s ....
courted controversy. good morning. a fairly cloudy and breezy day. spots of drizzle here and there. also remain living in from the north and west of scotland, where it will be windy. wherever you are, it will be very mild for the time of year. all the details later in the programme. it s wednesday, the 22nd of november. the chancellor is expected to cut national insurance for millions of workers as part of his autumn statement later today. jeremy hunt will also set out measures to boost business investment but labour said nothing that s announced will change the conservatives appalling economic record. let s find out more from ben, who s in hull this morning. it is now a waiting game, i guess. it is now a waiting game, i guess. it is now a waiting game, i guess. it is a waiting game. we have had days of speculation about what the chancellor will announce in the autumn statement. at lunchtime today we finally find out. i am at this community centre in hull which helps people ....
Local preschool s creative strategies foster a positive work culture SINGAPORE - Media OutReach - 27 April 2023 - High staff turnover rate has always been a topic of concern in Singapore, especially m. ....