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US government says all Silicon Valley Bank clients will have access to funds

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the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their money quickly.The announcement came amid fears that the factors that caused the Santa Clara, California-based bank to fail could spread, and only hours before trading began in Asia.

Regulators had worked all weekend to try and come up with a buyer for the bank, which was the second largest bank failure in history.

Those efforts appeared to have failed as of Sunday.In a sign of quickly the financial bleeding was occurring, regulators announced that New York-based Signature Bank had failed and was being seized on Sunday.

At more than $110 billion in assets, Signature Bank is the third-largest bank failure in U.S. history.The Treasury Department, Federal Reserve and FDIC said Sunday that all Silicon Valley Bank clients will be protected and have access to their funds and announced steps designed to protect the bank’s customers and prevent more bank runs."This step will ensure that the U.S.

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LA police chase: Puppy recovered after being thrown out of moving car
LOS ANGELES - A puppy was safely recovered after being thrown out of a moving vehicle during a wild 2-hour pursuit through parts of Los Angeles County Friday afternoon.  The pursuit began around noon in the area of 99th Street and Avalon Boulevard in South Los Angeles. The suspect, in a Chevy Avalanche, was wanted for attempted murder and carjacking.  A suspect wanted for attempted murder led officers with the Los Angeles Police Department on a two-hour pursuit Friday afternoon that spanned across LA County, at one point ditching one vehicle and getting into another.WATCH THE FULL PURSUIT HERE SkyFOX was live over the chase as the vehicle sped through parts of Inglewood and Westchester, on both sides of the Los Angeles International Airport. During the chase, the suspect's vehicle hit another car and shortly thereafter the driver ditched the Chevy truck and got into the back of another vehicle, that appeared to be waiting for him. RELATED: Suspect hits vehicle, jumps into another during wild 2-hour pursuitThe chase continued at high speeds on surface streets in Willowbrook before the driver in the second vehicle led authorities back to the South LA area. In the area of 56th Street and Figueroa St, someone from inside the vehicle tossed a puppy out of the car. The puppy was placed inside a designer handbag.
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