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BBCNEWS BBC News July 6, 2024

a group of big american banks has injected $30 billion into a smaller regional bank, first republic, which had been seen as at risk of failure. it comes as fears grow of a crisis in the global financial sector. shares in european banks hit a two month low, after the eurozone s central bank hiked interest rates by a half of 1%. us treasury secretary janet yellen insists the us financial system remains sound, despite a series of bank collapses. let s cross to los angeles, and speak to our north america correspondent, peter bowes. peter bring us up on what the latest is and what is going on. it clearly is a big boost for first republic was that there were fears it could go under just like silicon valley bank did last week, and this $30 billion, from 11 major banks, that includejp morgan chase, citigroup as well, crucially important to keep first republic alive, because first republic alive, because first republic is a very prominent banker in california, in los angeles, ov ....

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BBCNEWS BBC News July 6, 2024

welcome to our viewers on pbs in america and around the globe. a group of big american banks has injected $30 billion into a smaller regional bank, first republic, which had been seen as at risk of failure. it comes as fears grow of a crisis in the global financial sector. shares in european banks hit a two month low after the eurozone s central bank hiked interest rates by 0.5%. our north america correspondent peter bowes has more. this clearly is a big boost. there were fears he could go underjust like silicon valley bank did last week, and this $30 billion from 11 major banks that includejp morgan chase, citigroup as well, crucially important to keep first republic alive because first republic alive because first republic is a very prominent bank here in california in los angeles, over the last few days we have seen people queueing outside to take their money, their investments out of that bank and placed them with other larger banks, such as been their concern that ....

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BBCNEWS Newscast July 6, 2024

under your pillow, what are your thoughts? 50 under your pillow, what are your thoughts? under your pillow, what are our thou~hts? ., , your thoughts? so we have been on day two. your thoughts? so we have been on day two, today, your thoughts? so we have been on day two, today, thursday, . your thoughts? so we have been on day two, today, thursday, of| on day two, today, thursday, of the budget. the big picture thing is that some of the think tanks, westminster s brains beyond government have been crunching through it and they have concluded what many a newscaster will know as the kind of bleeding obvious really, but they presented in the spreadsheet and the rest of it, which is that times are really tough people, that wages are squeezed, living standards are squeezed, living standards are squeezed, living standards are squeezed, that household income is squeezed and will be for a while, that the tax burden is the highest it has beenin burden is the highest it has ....

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CNN CNN This Morning Weekend July 6, 2024

good morning. good morning. welcome to cnn this morning. i m victor blackwell. admiral walker. thank you so much for being with us this morning. it is sunday friday and we are excited. here are some stories that we are following for you as fighting intensifies in sudan, american diplomats and their families are now safely out of the country after an overnight operation. we re going to have the latest from our team of reporters. the race for president potential and current republican presidential candidates are in iowa. how would the latest supreme court ruling on abortion and the divide inside the party play. with evangelical and anti abortion voters, and overnight there was a new round of missile strikes in ukraine. it comes as a battle for bach mood intensifies. we re going to have the latest on that conflict major warning from airline experts tsunami of upcoming retirement could lead to more pilot shortages what could that mean for airline safety? american diplomats ....

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BBCNEWS BBC News July 6, 2024

11 of america s biggest private banks have stepped forward with a $30 billion rescue package for the troubled first republic bank. fears had been growing that the regional lender might be at risk of failure as a result of market turmoil. our north america correspondent peter bowes has more. well, this clearly is a big boost. there were fears it could go underjust like silicon valley bank did last week, and this $30 billion from 11 major banks that includejp morgan chase, citigroup as well, crucially important to keep first republic alive, because first republic is a very prominent bank here in california, in los angeles. over the last few days, we have seen people queueing outside to take their money, their investments out of that bank and place them with other larger banks, such has been their concern that it could go under. there has been a ripple effect, if you like, throughout the banking communities, and a ripple effect that we have seen really now go right across ....

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