first involved the deaths of 346 people in two crashes in indonesia in 2018 and ethiopia in 2019. addressing employees at its factory in washington state, where the planes are assembled, ce dave calhoun said boeing would approach the issue with complete transparency. when i got that picture, and i hope all of you in some way, i hope most of you have seen it, and those of you who haven t haven t will look at it, all i could think about was i did not know what happened to whoever was supposed to be in the seat next to that hole in the airplane. i ve got kids, grandkids, and so do you. this stuff matters. earlier i spoke to professor graham braithwaite, director of transport systems at cranfield university and asked him what he thought his demonstration would do to reassure customers and investors. i think we ve seen a big difference in the way that boeing has reacted to this event and how it reacted when we had the first two max accidents. there s clearly an acknowledgement tha
that s a saving grace for customers of silicon valley bank as much as $220 billion in assets were uninsured. it s a move to prevent a run on additional banks and makes it so the tech companies that banked with svb can make payroll. at least 29 were impacted including big names like pinterest, fit bit, zip recruiter who name a few. separately the same has been done for new york signature bank shut down over the weekend. treasury secretary janet yellen says this action does not equal bailing out the banks. during the financial crisis, there were investors and owners of systemic large banks that were bailed out and we re certainly not looking into the reforms that have been put in place means that we re not going to do that again. but, we are concerned about depositors and are focused on trying to meet their needs. ceo of pershing square bill ache man says he agrees it s not a bailout. a term come to be used he said this on twitter, quote: more banks will likely fail despite
i think that s a really important question, and clearly the investigation will want to get to that answer as soon as it can. now, the ntsb have told us that that report may not come for a year or 18 months, which is why it s right that the company takes immediate actions to minimise any risk that might be there in the system. so clearly, they re going to look at their quality assurance processes. clearly, they re looking at their entire supply chain, and that may involve other companies that delivered components, indeed, the fuselage into this build programme. and if that ntsb investigation finds something that needs immediate action, we will know about that straightaway. we won t have to wait 12 months, we won t have to wait 18 months. so i think you ll see rapid action here, and it s good to see that the response from boeing seems to be very different this time. professor graham braithwaite that they are on the outlook for boeing. let s shift in the gear and talk a little about bitco
says the plane maker. a fake social media post sends the price of bitcoinjumping, as speculation mounts that the us regulator will approve a new way to trade the cryptocurrency. welcome to world business report, i m tadgh enright. we start in the us and the boss of aviation giant boeing says the airline acknowledges its mistake after some of its newest planes were found to have loose parts. investigations began after the cabin panel of a 737 max 9 jet operated alaska airlines blew off mid flight last week, opening a hole in the side of the plane. thankfully no one was injured. it s the second major safety scandal to put the 737 max in spotlight the
angela paulina now facing 25 years to life following the conviction. bitcoin jumping nearly 10% in rally for crypto currency after the silicon valley bank collapse. with today s gains the entire crypto market cap is above $1 trillion. this all comes as the federal government creates a back stop for svb depositors saying it will get clients their money by selling the bank s assets. u.s. regulators also close add major crypto lend tore stem any more damage. actor ray lopen is calling out anti-christian bias in hollywood about the most recent episode of hbo s tv show the last of us. as soon as the david character in the last of us started reading from the bible i knew he was going to be a horrific villain. could there be a bible reading preacher on a show who is actually loving and kind? now to golf, saudi shepler cruises to victory saw grass. shepler back to number one in