Monday briefing: - The U.S. is dealing with the fallout of a massive bank failure. - Heavy losses were reported in a battle for a Ukrainian city. - President Biden is expected to approve a controversial oil project today.
The ConocoPhillips Willow drilling project, on federal land in Alaska’s North Slope.
The administration plans toTo offset the environmental concerns, Biden plans to make the Arctic Ocean off limits to U.S. oil and gas leasing, and protect millions of acres in the region.A levee breach along the Pajaro River along California’s central coast has forced thousands of people out of their homes.
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How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
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Bank regulators seize Silicon Valley Bank in largest bank failure since the Great RecessionThe bank failed after depositors — mostly technology workers and venture capital-backed companies — began withdrawing their money creating a run on the bank.
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FDIC may make some uninsured Silicon Valley Bank deposits available MondayUS regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients’ uninsured deposits available as soon as Monday.
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Silicon Valley Bank depositors may get some of their uninsured money back Monday: ReportRegulators dealing with the Silicon Valley Bank's collapse are reportedly planning to give depositors access to 30% to 50% of their uninsured deposits Monday.
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Silicon Valley Bank deposits to be available Monday, U.S. officials saySilicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday.
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Silicon Valley Bank Depositors Will Have Access to 'All' Funds Monday, Say Federal RegulatorsNEW: Depositors to Silicon Valley Bank will have access to 'all' funds starting Monday, federal banking and finance regulators said in a joint statement. realDannyNelson reports
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