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KPIX CBS Weekend News June 4, 2024 01:47:00

Rise in interest rates and change in consumer preferences. >> reporter: on friday state regulators shut down the bank transferring control of its assets to a new institution controlled by the fdic. in a statement, the agency said customers would be able to access their funds no later than monday morning. but it only insures deposits up to $250,000. the bank serves some major companies like roku, pinterest, shopify, and etsy, which warned sellers that some deposits may be delayed. small business ...
State Regulators Bank Transferring Control Interest Rates Consumer Preferences Amber Fields Small Business

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