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Not any big banks have bid enough to satisfy regulators. but we should find out pretty soon. in the past we've seen that u.s. officials have tried to come up with solutions during the middle of a bank crisis before global markets open. the clock is ticking. markets open in tokyo in less than two hours. now, first republic has been teetering really for weeks. this bank's stock price is down by 97% since the bank crisis began in march. march 1, it was trading at $122. look at that. it's now below $4. and for some context, this is not some tiny bank. it held $233 billion in assets as of the end o...

Broader banking crisis that is really casting a shadow over the american economy. the fdic is running an auction as we speak trying to find a bidder for first republic. that's according to a source familiar with the matter. final bids are expected -- are due at 4 p.m. eastern time. that's just 40 minutes away. it does seem likely that u.s. officials would want to announce something here this evening. i mean, in past crises, we've seen that u.s. officials have tried to announce a solution, certainly before u.s. markets open monday morning but often even before asian markets open. the clock is t...

Weeks. the stock price is down by 97% since early march. on march 1, it was trading at $122 a piece. now it's below $4. it's really a breathtaking drop. now, in case you're not familiar with first republic, this bank is sitting on $233 billion in assets. that means if it were seized by the fdic, it would be the second biggest bank failure in american history. now, it's based in san francisco, has 82 branches across eight states and for the longest time, it was the envy of the banking industry because it caters to wealthy clients. but two-thirds of its deposits are uninsured as of the end of la...

Nurses will walk out again here next tuesday. zoe conway, bbc news. there have been lots of figures talked about by the government in the various pay disputes it's facing, so we've taken a closer look at the calculations to try to get an accurate picture. earlier this week, the health secretary steve barclay told us that giving everyone in the public sector a pay rise in line with inflation would cost £28 billion. if everyone in the public sector were to receive a pay rise in line with inflation, that would cost an extra £28 billion, an extra thousand pounds per household. the bbc reality ch...

There's another america that has a lot of poor people and hungry children in it. according to the center for american progress between 7 and 11 million children live in households in which they are unable to eat enough food because their families are short of money. also in america. in 2017 as that republican tax bill was being passed talk poverty.org estimated it would have cost $69.4 billion a year to lift low-income families above the federal poverty line. that republican tax bill gifted the wealthiest of corporations 233 billion in tax cuts according to the center for american progress. $2...