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the billionaire is here, too. let s get the latest from kelly o grady in los angeles outside first republic bank that yesterday at this time, its very future was in question. not so much today. kelly? that s right, neil. first republicly closed down 62% yesterday. i just checked and looks like it s up 28% today. that s a good sign for them. we re seeing more concern with scb. the fdic is looking to avoid a bailout and look for a buyer. we re learning that the fdic is looking to hold another auction to sell svb after attempts failed this weekend. my sources tell me a number of private equity firms are considering the acquisition but they re not sold on buying the bank in its entirety yet. this comes as a shareholder class action lawsuit has been filed against the bank and the former cfo and coo. there will be many suits to follow on this front. this comes as governmental scrutiny ramps up on what went don at svb. the doj is investigating the collapse. this is routine i ....
Price, lower yield and now it changed, you re stuck between a rock and a hard place. for the benefit of our viewers, two prominent bank failures with signature and silicon valley. many include silver gate in that from march 8. that s why this is a tri-fold failure. having said that though, i am wondering what you think happens with these higher costs that banks are going to have to absorb to pay for this added insurance with the ftic. invariably, isn t that going to be passed along to customers in one way, shape or form? well, it could. we still don t know how much of that backstop is going to actually be used. it is there. it could be used. a lot would depend on the actual assets and liabilities of silicon bank and signature. we don t know that yet. ....
What crazy people will do? that s kind of what you got here? the fact so what they have been doing isn t really what they should be. they don t need to keep raising rates. they might. they might do a quarter point, might do a half point, might do nothing. shouldn t have much difference on what we go from here. the focus on the fed. you know what is interesting, too, if you think about it, whatever people will say about silicon valley bank and they said a lot, if you think about it, this is not analogous to what we had during the meltdown when they had the fancy invest meant vehicles that people would package and sell to unsuspecting investors and one thing fed on itself. if there s any problem with silicon valley, they made a wrong bet and sold treasury notes and bonds at the wrong time. what do you make of that? so that s part of the ....
Gender neutral. what do you think of this? this is british airways being advised to be more diverse and diverse and inclusive and a language like ladies and gentlemen they deem isn“t like ladies and gentlemen they deem isn t going to do that. yes. like ladies and gentlemen they deem isn t going to do that. isn t going to do that. yes. well, i think they isn t going to do that. yes. well, i think they are isn t going to do that. yes. well, i think they are probably isn t going to do that. yes. well, i think they are probably doing - isn t going to do that. yes. well, i think they are probably doing the l think they are probably doing the film think they are probably doing the right thing because they have to change right thing because they have to change with the times, they have to keep their change with the times, they have to keep their customers give their customers keep their customers give their customers that type of service they want customers that type of ser ....
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