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morning, all. part two of the weekend continues on a very quiet note. a lot of dry weather around and a little more in the way of sunshine and with lighter winds than yesterday, it will not feel quite as cold. all the details coming up shortly. it s sunday the 26th february. good morning. our top story rishi sunak says he s giving everything we ve got to secure a deal with the eu on post brexit trading rules for northern ireland. the prime minister told the sunday times he is hopeful of a positive outcome. iain watson has more. the political stakes for rishi sunak are high. the deal with the eu appears to be moving closer. this would avoid a trade war between the uk and its largest market. but it could lead to a growing gulf within his own party, some mps want the entire brexit agreement with northern ireland upended. and unless the democratic unionist party approve of a deal, they will not agree tojoin a approve of a deal, they will not agree to join a power sharing gove ....
kev kev quite a date here in the nation s capitol. good evening, trace. breaking tonight, investors in silicon valley bank have already taken legal action to recoup their losses after, of course, the bank collapsed on friday despite the class-action lawsuit and a volatile day on wall street. as you pointed out, the president wants americans to believe our financial institutions are, in fact, secure, while also being careful to not use the banking b word. bail out. no losses will be born by the taxpayers. instead, the money will come from the fees that banks pay into the deposit insurance fund. reporter: while the fdic insures bank deposits to a quarter of a million dollars, nine of 10 depositors of xeb had more than that amount in the bank. still, the administration says they ll be covered. nothing to worry about. that also includes customers of new york-based signature bank which also collapsed over the weekend. the third largest bank failure in american history. s ....
obviously, tensions are already high between the two nations over involvement in ukraine. senior correspondent mike tobin is in kyiv tonight with the latest on this. good evening, mike. good evening, bret. a brazen violation of international law. that s the way the state department describes this contact between a u.s. drone and two russian fighter jets that ended with the u.s. drone being ditched in the black sea. the pentagon says for a half hour this morning two russian su-27 fighter jets harassed a u.s. mq 9 reaper drone in international fuel space. dumped fuel on it and pass sod close struck one of the propellers dropping it down into the southwest of crimea. this is the first contact of this sort since the height of the cold war. this incident demonstrates a lack of competence in addition to being unsafe and unprofessional. russian defense ministry denies that the jet impacted the u.s. drone and says the drone was headed in the direction of russia with its t ....
expected to defend the banking system after his government scrambled to prepare emergency measures to bail out silicon valley bank customers. here comes the president coming up to the podium. president biden: before i leave for california, i want to briefly speak about what is happening in silicon valley bank and signature bank. today thanks fought quick action of my administration america will have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that deposit accounts at these banks can breathe easier knowing they can pay their worker and pay their bills. hard working employees can breathe easier as well. last week when we learned of the problems of the banks and the impact they could have on jobs, some small businesses and banking systems overall, i instructed my team to act quickly to protect these interests. they have done that. they have done that. on friday, the government regulator i ....
crisis that we ve seen this kind of stunning bank collapse. that s why when president biden before the market came on the airwaves and told the nation that the government would be stepping in. watch. no losses this is important important. no losses will be borne by the taxpayers. let me repeat that. no losses will be borne by the taxpayers. instead, the money will come from the fees that banks pay in to the deposit insurance fund. martha: is that accurate? let s bring in david asman and fox business correspondent susan li. the market sold off a lot early on. bounced back. now it s up 163 points. i want to ask you why in just a moment. first of all, this idea that the taxpayer is not on the hook in any way for this. let s play this janet yellen sound bite. during the financial crisis, there were investors and owners of systemic large banks that were bailed out and were certainly not looking and the reforms that have been put in place means that we re not going to ....