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Half a Year After Trump’s Defeat, Arizona Republicans Are Re
Trump indicted by New York grand jury, and he’s due in court Tuesday PUBLISHED THU, MAR 30 20235:37
Trump indicted by New York grand jury, and he’s due in court Tuesday PUBLISHED THU, MAR 30 20235:37
Trump indicted by New York grand jury, and he’s due in court Tuesday PUBLISHED THU, MAR 30 20235:37
A New York grand jury voted Thursday to indict former President Donald Trump in connection with a $130,000 hush money payment to porn star Stormy Daniels ahead of the 2016 election, his lawyer told CNBC.
Trump attorney Joe Tacopina told NBC News that Trump is expected to surrender to the Manhattan District Attorney’s office early next week. Trump is expected to be arraigned Tuesday, according to Susan Necheles, another Trump lawyer. The former president is tentatively expected to appear before Judge Juan Merchan after 2:15 p.m. that day in Manhattan, two officials told NBC News. That is subject to change.
Trump is the first former president to be charged with a crime, a development that will reverberate around the country. The indictment comes as he is the leading contender seeking the 2024 Republican presidential nomination.
The office of Manhattan District Attorney Alvin Bragg confirmed the indictment Thursday evening.
“This evening we contacted Mr. Trump’s attorney to coordinate his surrender to the Manhattan D.A.’s Office for arraignment on a Supreme Court indictment, which remains under seal. Guidance will be provided when the arraignment date is selected,” said a spokesperson for Bragg’s office.
The number of charges Trump faces in the indictment was not disclosed Thursday. And it was not known whether the indictment was limited to conduct related to the payment to Daniels or if it also includes conduct surrounding a separate hush money payment to former Playboy model Karen McDougal by the publisher of The National Enquirer. Trump’s lawyers told CNBC on Thursday night they didn’t know the charges.
Trump was caught off guard by the news of the indictment, according to various media reports. He blasted the decision, calling it “Political Persecution and Election Interference at the highest level in history.” Just Wednesday, he had said in a social media post that he had “gained such respect for this grand jury.”
The charge stems from the district attorney’s investigation into how the Trump Organization recorded a reimbursement to Trump’s then-lawyer Michael Cohen after Cohen paid Daniels, who’s also known as Stephanie Clifford, to keep her quiet about an alleged sexual encounter she says she had with Trump in 2006.
First–Citizens Bank & Trust Company, Raleigh, NC, to Assume All Deposits and Loans of Silicon Valley
Trump indicted by New York grand jury, and he’s due in court Tuesday PUBLISHED THU, MAR 30 20235:37
Trump indicted by New York grand jury, and he’s due in court Tuesday PUBLISHED THU, MAR 30 20235:37
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, National Association, by First–Citizens Bank & Trust Company, Raleigh, North Carolina.
The 17 former branches of Silicon Valley Bridge Bank, National Association, will open as First–Citizens Bank & Trust Company on Monday, March 27, 2023. Customers of Silicon Valley Bridge Bank, National Association, should continue to use their current branch until they receive notice from First–Citizens Bank & Trust Company that systems conversions have been completed to allow full–service banking at all of its other branch locations.
Depositors of Silicon Valley Bridge Bank, National Association, will automatically become depositors of First–Citizens Bank & Trust Company. All deposits assumed by First–Citizens Bank & Trust Company will continue to be insured by the FDIC up to the insurance limit.
As of March 10, 2023, Silicon Valley Bridge Bank, National Association, had approximately $167 billion in total assets and about $119 billion in total deposits. Today's transaction included the purchase of about $72 billion of Silicon Valley Bridge Bank, National Association's assets at a discount of $16.5 billion. Approximately $90 billion in securities and other assets will remain in the receivership for disposition by the FDIC. In addition, the FDIC received equity appreciation rights in First Citizens BancShares, Inc., Raleigh, North Carolina, common stock with a potential value of up to $500 million.
The FDIC and First–Citizens Bank & Trust Company entered into a loss–share transaction on the commercial loans it purchased of the former Silicon Valley Bridge Bank, National Association. The FDIC as receiver and First–Citizens Bank & Trust Company will share in the losses and potential recoveries on the loans covered by the loss–share agreement. The loss–share transaction is projected to maximize recoveries on the assets by keeping them in the private sector. The transaction is also expected to minimize disruptions for loan customers. In addition, First–Citizens Bank & Trust Company will assume all loan–related Qualified Financial Contracts.
The FDIC estimates the cost of the failure of Silicon Valley Bank to its Deposit Insurance Fund (DIF) to be approximately $20 billion. The exact cost will be determined when the FDIC terminates the receivership.
The FDIC created Silicon Valley Bridge Bank, National Association, following the closure of Silicon Valley Bank by the California Department of Financial Protection and Innovation. All of the deposits—both insured and uninsured—and substantially all assets and all Qualified Financial Contracts of Silicon Valley Bank were transferred to the bridge bank. The purpose of establishing Silicon Valley Bridge Bank, National Association, was to allow time for the FDIC to stabilize the institution and market the franchise.
Customers who would like more information about today’s transaction can visit the FDIC’s website at: https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/silicon-valley.html.
FDIC: PR-23-2023
What we know about the deadly shooting at a Nashville elementary school Updated March 28, 202310:01
Trump indicted by New York grand jury, and he’s due in court Tuesday PUBLISHED THU, MAR 30 20235:37
What we know about the deadly shooting at a Nashville elementary school Updated March 28, 202310:01
Nashville, Tenn., authorities on Tuesday released graphic body camera footage showing the fatal confrontation between police and an armed assailant who attacked a grade school on Monday morning.
Six people — including three children — were killed in the shooting, and the suspected attacker was killed by police within minutes of the first call of an active shooter.
Audrey Hale, whom police identified as the shooter, had bought seven firearms — including the three guns used in the attack — legally and had been in treatment for an emotional disorder, Nashville Police Chief John Drake said Tuesday.
The shooting occurred at the Covenant School, a private elementary school on the grounds of Covenant Presbyterian Church in Nashville's Green Hills neighborhood.
"Our community is heartbroken," the school said in a statement on Monday. "We are grieving tremendous loss and are in shock coming out of the terror that shattered our school and church."
The massacre drew messages of sympathy from politicians, including President Biden and others across the U.S., and it reignited calls for Congress to do more to prevent school shootings.
According to the Gun Violence Archive, there have been 130 mass shootings in the U.S. so far this year.
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