Onni Ite News Today : Breaking News, Live Updates & Top Stories | Vimarsana

that ensures bank deposits and overseas financial institutions. the agency says all insured depositors will have access to their deposits no later than monday morning. the fdic ensures deposits of up to $250,000. why did this bank fail so quickly? >> it is an old school bank run in a modern economy. you can point to two reasons. the first is that the fed has been increasing interest rates since 2022. that has an effect on thing bank's assets, which means its unrealized bonds were worthless money. those increased interest rates has had a devastating effect in the tech sector at large....

Bank. >> they don't think this is a 2008-like scenario. this is a bank focused onni ite. it probably won't have broader implications throughout the economy, but we just don't know. personal accounts are ensured to $250,000. for those largest accounts, we'll have to see what happens on monday. >> oh my gosh. that is quite the fall. thank you so much for breaking it down for us. turning now to the growing flood threat in california, governor newsom has declared a state of emergency as floods wash away roads, leaving residents stranded. the drenching rains brought on by an atmospheric river. cn...