Stay updated with breaking news from Corrugated iron. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
hello and welcome to the programme. a group of big american banks has injected 30 billion dollars 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 one percent. the us treasury secretary, janet yellen, has insisted the us financial system remains sound despite a series of bank collapses. you i can reassure the members that the banking system is sound and that americans can feel confident that the deposits will be there when they need them. these actions demonstrate a resolute commission data may commitment that our financial system remains strong that our depositors remain safe. our north america correspondent, peter bowes joins us now. questions: so peter, what s prompted janet yellen to strike such a reassuring tone there? it has, for about a week now ....
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far the markets seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. and other stocks are up too. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very q ....
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far things seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly and remove their funds from ....
will be finding out what people make of the chancellor s announcement. there s big changes to pensions to encourage people like doctors to stay in work butjeremy hunt s plans prompt accusations his budget favours the rich. check before you travel. rail workers in the rmt union take part in another strike in their discpute over pay, jobs and working conditions. no miracle in madrid for liverpool as they lose their second leg against real and are knocked out of the champions league humbled 6 2 on aggregate. and we hear from kate middleton s childhood piano teacher, who s written a song for the nation to sing on king charles s coronation day. good morning. a much milder day for most of us today, compared to yesterday, but it is going to be cloudy with some showers, and longer spells of rain at times. the chancellor, jeremy hunt, insists his budget will get people back to work and won t just benefit the rich saving for retirement. his comments come after labour criticised his pla ....
daffodils in wales. and there is plenty of wet weather, muddy foot pads in lancashire and across the south west of england with rain across scotland as well. not a lot is set to change as we head through the rest of this week and into the start of next. still cloudy, mild and a lot more wet and windy weather to come in the forecast. this is today. you can see the rain starting today. you can see the rain starting to ease across scotland with a brisk south westerly wind and another cold front pushing slowly across england giving outbreaks of rain. south westerly wind, brisk towards western coasts dragging on mild air so temperatures away from the far north west of scotland are higher than they were yesterday. this afternoon in more detail without picks of rain across central and southern england was not the best of us sunshine today in north east england and temperatures peaking between 11 and 15. much higher than they were yesterday. all of that much milderfeeling they ....