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What to do when bank-run panic sweeps social media

Published Fri, 01 Nov 2024 01:01:42 GMT

(NerdWallet) - After the collapse of two different banks in less than a week in early March, it was clear to see how financial panic can quickly spread through word of mouth."No matter how strong bank capital and liquidity supervision are, if a bank has an overwhelming run that’s spurred by social media or whatever so that it’s seeing deposits flee at that pace, a bank can be put in danger of failing,” U.S. Treasury Secretary Janet Yellen said recently about the collapse of Silicon Valley Bank in Santa Clara, California, and Signature Bank in New York.In this case, the “whatever” was private group messages and chats among SVB's customers. Chatter and warnings about SVB’s stability started in these forums and spread to Twitter; after the run on SVB, Signature Bank’s customers did a run on their bank, as well.What can we learn from the bank runs, and how we can handle widespread financial panic in the future? Here are five things to do when bank-run panic — or any other drastic financ...

Motion for new trial filed days after man sentenced to 99 years for 2021 murder

Published Fri, 01 Nov 2024 01:01:42 GMT

AUSTIN (KXAN) — Motions for a new trial and an appeal were filed days after a man was sentenced to 99 years in prison following his conviction of a 2021 murder.John Paul Rangel was convicted by a jury April 3 on a December 2021 murder charge.On April 6, a motion for a new trial was filed, and on April 18, a notice of appeal was also filed, according to records.Williamson County court records showed he was sentenced to serve 99 years in state prison. Toward his sentence, Rangel received a jail credit of 398 days. PAST COVERAGE: 23-year-old man arrested in connection to deadly December shooting According to records, Rangel entered a plea of not guilty before his trail began.According to a previous KXAN report, Rangel was charged with the murder of 36-year-old Joseph Neal. The Travis County Sheriff’s Office said Neal was found dead on Dec. 8 at an apartment complex in the 1800 block of Cheddar Loop.Taylor police, the Williamson County Sheriff’s Office, the U.S. Marshals Lone Sta...

Man's charge lessened from capital murder after guilty plea

Published Fri, 01 Nov 2024 01:01:42 GMT

AUSTIN (KXAN) — A man was convicted and sentenced in February after pleading guilty to a murder charge out of Williamson County related to a January 2021 fatal shooting in Round Rock.According to Williamson County records, Gage Christian Johnston pleaded guilty Feb. 17 to murder, a lesser charge than the capital murder charge he previously faced.On the same day of his guilty plea, Johnston was sentenced to serve 40 years in state prison for the death of 27-year-old Jerrionn Burleson. PAST COVERAGE: Suspect charged with capital murder after man was found dead in Round Rock At the time of his sentencing, records showed Johnston had a jail credit of 760 days, roughly two years and a month.According to past KXAN reports, on Jan. 9, 2021, Round Rock police responded to the 1600 block of Peachtree Valley Drive at around 5:10 a.m. after a report of a gunshot and a person, later identified as Burleson, on the ground.

Man sleeping in tent off of I-25 in Westminster is hit by suspected DUI driver

Published Fri, 01 Nov 2024 01:01:42 GMT

A driver ran off Interstate 25 in Westminster early Saturday morning, hitting a man who was sleeping in a tent off of the highway.The incident happened about 3:15 a.m. on southbound I-25 at 136th Avenue, according to the Westminster Police Department. The injured man, who was not identified, was taken to a hospital with serious injuries.The 23-year-old driver who went of the highway was trying to avoid another vehicle, police said in a news release. He was arrested on suspicion of vehicular assault DUI and was taken to the Adams County Jail.Winter weather driving conditions and alcohol were contributing factors in the crash, police said. An investigation is ongoing. 

Denver weather: Snow showers move out with pleasant weather on Sunday

Published Fri, 01 Nov 2024 01:01:42 GMT

Snow and snow showers will move out of the metro area overnight Saturday and another round of precipitation moves into the region late Monday into Tuesday.Snow showers will linger in Denver on Saturday, skies will be mostly cloudy and the high temperature will top out near 40 degrees, according to the National Weather Service forecast. Snow accumulation should be minimal.Snowfall overnight Friday in the region included 3 inches in Denver, with 11 inches reported in Breckenridge, according to the National Weather Service.Snow showers are expected over the Front Range mountains and foothills Saturday, with up to two inches of snow possible in some areas, the weather service said. Snow will taper off this evening with cold overnight temperatures including below freezing readings in widespread areas.Tonight in Denver there’s a chance for rain and snow showers before 11 p.m., then a chance of snow showers, according to the weather service. Skies will be mostly cloudy, the low temp ...

Whyte Fang in Coachella Wonderland

Published Fri, 01 Nov 2024 01:01:42 GMT

Whyte Fang in Coachella Wonderland: Alexandra Sholler, aka Whyte Fang, is perhaps best known as her other alias, Alison Wonderland. We wrote a cover feature on Wonderland a year ago, and she told us during the interview that she was thinking of bringing Whyte Fang, her first musical alias, back. She’s done just that, and she wowed the Coachella weekend one crowd. We spoke to her just before her weekend two set…Last time we spoke, for an Alison Wonderland cover feature, you were flirting with the idea of bringing Whyte Fang back – I guess it went well…It did go well. I put everything into the project. I’m pretty damn proud. How did Coachella weekend one go for you?Oh my god, I was so proud of my team and myself. It translated exactly how I wanted it to and more. I had so many people messaging me. A lot of people didn’t even know it was me, which is awesome because we had an overflowing tent and I didn’t expect it. A lot of people were saying that was their favorite s...

Van de Zandschulp gets another shot against Rune in Munich

Published Fri, 01 Nov 2024 01:01:42 GMT

MUNICH (AP) — Botic van de Zandschulp has another chance against defending champion Holger Rune in the final of the BMW Open after both players won their semifinals on Saturday.The 19-year-old Rune saved all eight break points he faced to beat Australia’s Christopher O’Connell 6-3, 6-2. The Danish star has never lost a set at the Munich event.Van de Zandschulp defeated the second-seeded Taylor Fritz 6-4, 7-6 (2) in their semifinal.Fritz was attempting to reach his first tour-level final on clay but Van de Zandschulp saved four of the five break points he faced.The Dutch player retired during the final last year with an aching chest.___ More AP tennis: https://apnews.com/hub/tennis and https://twitter.com/AP_SportsSource

Residentes de un condominio en el sur de Florida tienen que evacuar después de que el complejo de edificios se considerara estructuralmente inseguro

Published Fri, 01 Nov 2024 01:01:42 GMT

(CNN) — A los residentes de un complejo de edificios en el sur de Florida se les ordenó evacuar el martes después de que se consideró que el condominio no era seguro durante su recertificación de construcción de 60 años.Durante una inspección realizada el 14 de abril, un ingeniero de construcción descubrió que el condominio Majestic Isle en North Bay Village tenía pisos hundidos y daños por termitas y lo consideró estructuralmente inseguro.Una fuga reciente de un desagüe del techo provocó un colapso parcial del techo la semana pasada y los residentes de cinco unidades ya habían sido evacuados, según un comunicado de la ciudad.El edificio Majestic Isle fue construido en 1960 y tiene 36 unidades con aproximadamente 55 residentes, según el comunicado.“Es la primera vez que tenemos una situación como esta en North Bay Village”, dijo el alcalde Brent Latham. “Todos están trabajando muy, muy duro para responder y ayudar en esta situación de crisis para algunos de nuestros vecinos”, ...

David’s goal not enough as Lille draws at Auxerre

Published Fri, 01 Nov 2024 01:01:42 GMT

PARIS (AP) — Jonathan David’s 21st goal of the season wasn’t enough for Lille as it drew at Auxerre 1-1 in the French league on Saturday.The Canada striker hit the post twice before putting Lille ahead from the penalty spot in the 36th minute after a handball confirmed by video review.The goal moved David one behind Paris Saint-Germain star Kylian Mbappé, who scored both of PSG’s goals in a 2-1 win at bottom side Angers on Friday.But Auxerre striker M’Baye Niang’s penalty in the 62nd gave 14th-placed Auxerre a point toward safety.Later Saturday, Lens was looking to move above Marseille and into second place with a home win over fourth-placed Monaco.___More AP soccer: https://apnews.com/hub/Soccer and https://twitter.com/AP_SportSource

Incendio en restaurante de Madrid, al parecer provocado por una pizza flameada, deja dos muertos y una docena de heridos

Published Fri, 01 Nov 2024 01:01:42 GMT

(CNN) — Un incendio en un restaurante italiano en Madrid, que se cree que fue iniciado por una pizza flameada, provocó la muerte de dos personas y dejó heridas a otras 12, dijeron funcionarios de la ciudad este sábado.“Parece que el fuego comenzó cuando se servía una pizza flameada, que prendió fuego a la decoración del restaurante”, dijo el alcalde de Madrid, José Luis Martínez Almeida, a la televisión estatal española TVE en el lugar este sábado, horas después del incendio del viernes por la noche.Los medios españoles informaron que una especialidad del restaurante era una pizza al estilo flambeado, un procedimiento de cocción en el que se vierte licor sobre la comida y se enciende brevemente.“Los bomberos me dijeron que fue un incendio feroz por la forma en que comenzó y el humo que generó y si la estación de bomberos no estuviera a solo 100 metros (alrededor de 330 pies) de distancia, la cantidad de muertes podría haber sido mayor”, dijo Almeida. Hablando con T...