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BBCNEWS Asia Business Report July 6, 2024

it comes after the embattled lender revealed that it suffered a huge drop in deposits during the first quarter. first republic came under intense pressure after silicon valley bank and signature bank collapsed last month. the bbc s samira hussain has more from new york. normally when a company s earnings for are released, executive hold a call with analysts where they take questions. but that wasn t the case for first republic bank. executives spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things have become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that s way more than half of the $176 billion it had on hand at the end of last year. after silicon valley bank and signature bank were taken over by federal regulators, wall street worried that first republic could be the next bank to go down, since it has similar clients to silicon valley bank people in the startup space. ....

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BBCNEWS World Business Report July 6, 2024

so let s get down to business and turmoil in the banking industry is back. shares in the us regional lender first republic dropped more than 20% in extended trading on monday after it revealed it suffered a huge drop in deposits during the first quarter. first republic came under intense pressure after silicon valley bank and signature bank collapsed last month. samira hussain has more from new york. normally more from new york. when a company is earnings normally when a company is earnings for a quarter are released executives hold a call with analysts when they take questions, that wasn t the case for first republic, executive spoke for about ten minutes and then took no question. it is perhaps an indication ofjust how bad must have become at the regional bank. during the first quarter, it lost hundred and $2 billion in customer deposits, thatis billion in customer deposits, that is way more than half of the $176 billion it had on hand at the end of last year. after at the ....

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BBCNEWS BBC News July 6, 2024

since the russian invasion thanks british politicians for their support, but urges the uk to give them fighterjets. writing on the helmet reads we have freedom, give us wings to protect it. have freedom, give us wings to protect it drama at disney as 7,000 jobs are set to go. the entertainment giant says it must cuts costs as streaming customers fall for the first time. and praise continues to pour in for nba superstar lebronjames after he becomes the competition s all time leading points scorer. hello. welcome to the programme. we begin in turkey and syria, where more than 12,000 people are now known to have died in the earthquakes, which hit the region early on monday morning. in turkey, there s growing anger at the speed of the rescue effort with many complaining they ve had no help trying to pull people from the rubble. while in syria, state controlled media is reporting that some 300,000 people have been forced to leave their homes. more from syria shortly. but fi ....

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BBCNEWS BBC News July 6, 2024

invasion, thanks british politicians for their support but urges the uk to give them fighterjets. writing on the helmet reads, we have freedom. give us wings to protect it. applause drama at disney as 7000 jobs are set to go. the entertainment giant says it must cuts costs as streaming customers fall for the first time. and praise continues to pour in for nba superstar lebronjames after he becomes the competition s all time leading points scorer. welcome to our viewers on pbs in america and around the globe. we begin in turkey and syria, where more than 12,000 people are now known to have died in the earthquakes which hit the region early on monday morning. in turkey, there s growing anger at the speed of the rescue effort with many complaining they ve had no help trying to pull people from the rubble. while in syria, state controlled media is reporting that some 300,000 people have been forced to leave their homes. more from syria shortly, but first, let s hear fro ....

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BBCNEWS Asia Business Report July 6, 2024

first republic came under intense pressure after silicon valley bank and signature bank collapsed last month. the bbc s samira hussain has more from new york. normally when a company s earnings for are released, executive hold a call with analysts where they take questions. but that wasn t the case for first republic bank. executives spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things have become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that s way more than half of the $176 billion it had on hand at the end of last year. after silicon valley bank and signature bank were taken over by federal regulators, wall street worried that first republic could be the next bank to go down, since it has similar clients to silicon valley bank people in the startup space. on monday, the bank said it would cut about a quarter of its staff and slash executive compensation. samira exe ....

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