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voice-over: live from our studio in singapore, - this is bbc news. it s newsday. welcome to our viewers on pbs in america, and around the globe. eleven 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. the us treasury secretary, janet yellen, insists the rescue deal is evidence of resilience in the country s banking system. ican i can reassure the members of the committee that our banking system is sound, and that americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate our resolute commitment to ensure that our financial system remains strong, and that depositors s savings remain safe. our north america correspondent, peter bowes, told us what prompted janet yellen to strike such an upbeat note. for about a week now, since the c ....
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 ....
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 ....
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 ....
it was dismissed as a conspiracy theory for now the original reporting has been vindicated. not just the leak itself and the cover-up afterwards but the chinese regime must be held accountable but even more important what were they working on in the lab and why? gain of function virus enforcement was not just funded by fauci but commissioned by him and as we reported january 2021 he broke obama and trump administration rules to do it. him with an any other person is the one that must be held accountable. and as soon as the news broke today 2024 presidential candidate great to see you. this is out of a dystopian science fiction my novel very research conducted to prevent a global pandemic created one and there are two prongs of accountability one is for china and the ccp which try to sweep this under the rug and this will not go lightly the us needs to lead the way to hold tight. really have moral standing if we hold those accountable here at home that purposely evaded ....