BBCNEWS World Business Report July 6, 2024
hello there. we begin in the us where, in an extraordinary move to contain panic in the banking system, 11 of america's biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic plunged, as investors worry that it could be the next to fail. it follows the stunning collapse of two other specialist lenders, including silicon valley bank. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. that's been putting a ton of pressure on s...
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