Campbell has been fighting to have his former teacher Iain Wares, formerly known only as ‘Edgar’, extradited to Britain from South Africa where he lives to face allegations that he is a predatory paedophile who targeted children.
Campbell said this morning: ‘After two challenges, one from former pupils and one from media organisations, including the BBC, the chair of the enquiry Lady Smith ruled that evidence from the enquiry – identifying “Edgar” – can now be published.
In a country with broad religious freedoms, many insular, cult-like groups and immigrant communities with their own traditions of marrying off girls, the practice is hard to stamp out, campaigners warn.
“Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out…and the reforms that have been put in place means we are not going to do that again,” she said.
House of Representatives Speaker Kevin McCarthy told Fox News’ Sunday Morning Futures program that the Biden administration and the Federal Reserve were working to come up with announcement before the markets open, without specifying any details.
Kyle Bass, founder and chief investment officer of Hayman Capital Management, who also does not have exposure to SVB, told Reuters that the Fed needed to “arrange a marriage” for SVB by Sunday evening, before markets opened in Asia.
Startup-focused lender SVB Financial Group on Friday became the largest bank to fail since the 2008 financial crisis, roiling markets and leaving billions of dollars belonging to companies and investors stranded.
Reuters was unable to determine whether a deal for the bank was forthcoming.
Some industry executives said such a deal would be sizeable for any bank and would likely require regulators to give special guarantees and make other allowances for any buyer.
In the UK, where SVB has a local subsidiary, finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and the Bank of England to “avoid or minimise damage” resulting from the chaos that has engulfed the lender.
Some experts, however, see the fallout from the latest collapse as limited. “We do not see this as the start of a broader threat to the safety and soundness of the banking system,” TD Cowen analyst Jaret Seiberg said on Friday.
“Silicon Valley had a unique business model that was less dependent on retail deposits than a traditional bank.” (Reporting by Lananh Nguyen, Paritosh Bansal, Tatiana Bautzer, Nupur Anand and Ira Iosebashvili in New York and by Pete Schroeder, Jason Lange Sarah N.
The Federal Deposit Insurance Corporation (FDIC), which was appointed receiver, was trying to find another bank over the weekend that was willing to merge with Silicon Valley Bank, people familiar with the matter said on Friday.
This revives horror stories of child brides, like Dawn Tyree, who at 13 was married and pregnant with a man 19 years her senior, or Sherry Johnson, who was raped as a child by a deacon who she was coerced into marrying.
Western Alliance Bancorp tumbled 21% and PacWest Bancorp dropped 38% after those stocks were halted several times due to volatility.
Charles Schwab Corp slumped more than 11%. Signature Bank dropped about 23%, while San Francisco-based First Republic Bank fell 15%.
Others say simply that there is nothing wrong with a 16-year-old getting married, that children must grow up one day and make tough life decisions, and that many teen marriages lead to years of happiness.
DailyMail.com obtained figures from , a non-profit that campaigns to end young marriages, showing how scores of kids — mostly girls aged 16 and 17 — have wed adults from Maine to North Dakota these past two years.
Conservatives and others have resisted introducing or raising age limits in some states — sometimes calling age limits ‘arbitrary’ or that they interfered with individuals’ rights and religious liberty.
Becca Powell, the group’s advocacy director, said it was ‘inherently dangerous’ for any youth under age 18 to wed because they lack the legal rights of an adult, which can leave them trapped in abusive unions.
As recently as 2017, marriage for under 18s was legal in all 50 states. Currently, only seven states ban all marriages for those aged under 18, and seven states still have no minimum age limit for tying the knot.
The era of 11-year-old girls marrying much older men is in America’s rearview mirror, but exclusive new data show that a worrying number of youths in their mid-teens are still getting hitched to adults.
Once all the figures from 2021 and 2022 are available, researchers expect to uncover hundreds and perhaps thousands of cases, which can condemn teens to young pregnancies and abusive ‘groomer’ husbands.
Currently, only seven states ban all marriages for those aged under 18, and seven states still have no minimum age limit for tying the knot. As recently as 2017, marriage for under 18s was legal in all 50 states.
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