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A third of all US bank branches could feel tropical storm force winds from Hurricane Florence – Finance – Pulselive.co.ke

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Hurricane Florence has begun thrashing the East Coast, and experts say the storm could unleash catastrophic flash flooding and storm surges as high as 13 feet.

More than five million people were under hurricane warnings or watches as of Thursday morning. Already, the hurricane has triggered more than 1,000 flight cancellations and the closing of nearly a dozen airports in North Carolina and South Carolina.

Millions of people could see their financial services disrupted, too.

More than 30,000 US retail bank branches — 34% of the country’s branch network — are currently at risk of facing tropical storm force winds from Hurricane Florence over the coming days, according information compiled by data analytics firm Qlik.

Qlik analyzed branch data from the Federal Deposit Insurance Corporation and compared it with the National Weather Service’s storm-path forecast and the probabilities that certain areas would see tropical storm-force winds.

While more than a third of US bank branches could feel the brunt of Hurricane Florence, the chances aren’t high for many of them — for over 14,000 the probability is less than 5%.

Only 1,713 branches face a high risk — a probability of more than 60% — of facing intense tropical winds.

But for those that do get hammered, customers could lose access to their local bank’s services for days or weeks, depending on the extent of the damage.

Even with millions of customers embracing mobile and digital offerings from banks — like peer-to-peer payment platforms such as Venmo and Zelle — many still take out and deposit cash in person or get paid via check rather than direct deposit.

Many banks waive ATM and other fees for customers affected by severe storms, as well as deploying mobile bank units to heavy-hit areas.

BB&T, which is based out of Winston-Salem, North Carolina and operates 1,900 branches across the country, is likely to be among the most affected by Hurricane Florence. It had closed more than 160 branches or ATMs by early afternoon Thursday, according to their website.

PNC, which also has a substantial presence in the Carolinas, has also begun closing branches and is preparing to deploy mobile-banking units.

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We have begun to close branches and other facilities in the Carolinas, Greater Maryland and Greater Washington areas, with the vast majority in the Carolinas at this point,” a company spokeswoman told Business Insider.

For customers in the path of the storm, the FDIC recommends making physical copies and digitally storing sensitive documents.

Read the rest of the FDIC’s tips for financially surviving a disaster.



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Ruto’s Mt Kenya hustlers meet to fine-tune bottom-up economic model » Capital News

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NAIROBI, Kenya, May 9 – Deputy President William Ruto on Saturday hosted leaders from Mt Kenya region to discuss how to re-engineer the country’s economy.

Ruto said the meeting which was a follow-up to a similar forum held in Maasai Mara on May 1 deliberated on collaborative efforts to re-engineer government economic approach to one that promotes enterprise and fosters the empowerment of ordinary Kenyans.

“Through the ongoing consultations covering all regions and all sectors of the economy, we anticipate the generation of more jobs and expanded opportunities for those in the lower cadre will rid our country of poverty,” he tweeted.

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During an engagement with three representatives from each of the 11 counties from Mt Kenya region, it was agreed that more targeted and inclusive sessions should be held with Hustler Movement representatives, Members of the County Assemblies, religious and business leaders to follow as the country opens up.

The DP has been building the Hustler Movement, a political group championing for a bottom-up economic model, as his preferred platform for the 2022 presidential run.

At Maasai Mara, Ruto was accompanied by economist David Ndii who briefed the legislators on DP’s proposed ‘Bottom-Up Economic model’ which seeks to uplift the common citizen and provide them with an opportunity to have a say in government.

The DP on Friday held another meeting with over 50 individuals including a section of Mt Kenya where the politicians and experts from different sectors discussed economic revival, a subject Ruto has been propagating since the pandemic broke out in the country.

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Is Orengo charting his path away from Raila?

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History of intense rivalry between him and Opposition leader, alleged sabotage in 2013 and 2017 elections and talk of betrayal ahead of 2022.

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Police Deploy Chopper to Rescue Students Lost in Forest for 4 Days –

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Three students who went missing after a forest adventure in Mt Kenya, Karatina, Nyeri County, were finally rescued on Saturday after four days in the jungle.

Four days without food, the boys told members of the press that they survived by the grace of God.

17-year-old Anthony Muhoro, Jackson Karuri, 17, and David Mukoma Kinyua, 20, went missing on May 4.

Muhoro is a Form Three student at Gitunduti Secondary School, Karuri is also a Form Three but at Ihwagi Secondary School while Kinyua is a student at Nyeri National Polytechnic.

Also found alive were two dogs that were in the company of the three when they were reported missing.

Read: Missing Businesswoman Caroline Wanjiku Maina’s Body Found In A Kajiado Mortuary

The rescue team comprised of police officers who after four days of futile search deployed a National Police Service chopper to locate the students who were on the verge of despair.

In the Saturday search, the Nation reports, the officers teamed up with Kenya Wildlife Service and Kenya Forest Service rangers to comb the forest in search of the students.

In an interview with the local publication, Muhoro revealed that they were hiking when they lost their way back home.

“It was by the grace of God that we survived for four days without food and other necessities. We thought we were going to die and kept praying,” Muhoro said in a phone interview.

Read Also: Missing Thika Millionare Julius Gitau Found Alive – Police

“We literally groped in the dark after losing our way back home. We survived on water and wild fruits since we had not carried any food.”

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According to the student, the trio entered the forest through Ragati gate but couldn’t trace their way home hours later.

“We found ourselves deep into the dense woods. I don’t know how far it was from the edges of the forest but we were exhausted,” he said.

“We could not even tell the time since it was constantly dark. That is when panic set in.”

They could not communicate with anyone back at home as their mobile phones lost signals.

Read Also: Son To Murdered Kiambaa Family Reported Missing

“We started moving in the forest, literary going in circles in a desperate attempt to find our way out,” Muhoro said.

Days later as they moved around the forest with the hope of finding an exit, they ‘miraculously’ met some police officers and forest rangers who alerted the rest of the search team.

Mathira East Police Commander James Baraza, who led the operation, said the trio’s disappearance was reported at Karatina Police Station the same day they went missing and a search operation launched immediately.

Email your news TIPS to [email protected] or WhatsApp +254708677607. You can also find us on Telegram through www.t.me/kahawatungu

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