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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 ....
That large institutional investors have made targets out of several other banks after first republic, and that is the very nature of speculators. and that will be the next challenge as we are seeing in the aftermarket hours for first republic trading down 17% after having closed up 3% in regular trading today, so i dare say that the nervousness has not been expunged and that there are investors who have their eye on other banks that have similar vulnerabilities to first republic. similar vulnerabilities to first re - ublic. . first republic. danielle, chief executive first republic. danielle, chief executive and first republic. danielle, chief executive and chief first republic. danielle, chief| executive and chief strategist, thank you very much for your time. ., ~ ,, thank you very much for your time. . ,, i. ., ., french riot police have used tear gas and water cannon to clear thousands of protesters from the streets of paris. the protests started after president macron forc ....