BBCNEWS World Business Report July 6, 2024
protection in the united states, while it seeks buyers for its assets. that's hot on the heels of its subsidiary silicon valley bank being taken over by us regulators — and the british arm of the same bank being bought by hsbc. separately, in an extraordinary move to contain panic in the banking system, 11 of america's biggest financial institutions have agreed to a $30—billion bailout for first republic, a regional us bank based in san francisco. here's samira hussain in new york. good to have you with us. explained this bankruptcy protection, how significant is it for svb finan...