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the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. isaac, great to get you on the show. in the first instance, how much of a risk do you think there is of a failure amongst other us banks in the system? i failure amongst other us banks in the system? failure amongst other us banks in the system? i think there is a real risk of that- the system? i think there is a real risk of that. this the system? i think there is a real risk of that. this is the system? i ....
is nothing compared to what southwest florida woke up to today. shreve seeflorida woke un house others carried away by brutal storm . carried away by brutal storm surge surge and debris, including cars ending up in bays. in some circumstances, the destruction is almost unimaginable. circumstance steve harrigan, by the grace of god , rode out the storm as close to the impact zoneow as anyone else. and tonight we find him inrigh placita, which is right acrossci the causeway connecting i the barrier island of bocasl grande. steve , you ve seen some justrii horrific destruction.de what can youstruct telion, whatc how the search and rescue attempts areue unfolding in the dark? there? ar they are going on . they are continuous. h they ve carried ouavt more than seven hundred rescues and they really got started just aftether 1:00 o clock in the morning.as o as soon as the winds die down belomow forty miles per hour, they were out there really risking their lives to try t ....