the federal reserve s target of 2%. next week the fed is going to meet to decide whether americans can stand another interest rate hike. christine romans has more. reporter: boris and amara, a remarkable effort from big american banks to save another bank from ruin. 11 banks, $30 billion. that s how much money and how many lenders it took to shore up first republic, preventing another silicon valley bank. $5 billion each from bank of america, wells fargo, jpmorgan chase and citi. $1 billion from u.s. bank, bny mellon, truist, state street and pnc. the mega deals from the mega banks included behind-closed-door talks between the treasury secretary janet yellen, fed chair jerome powell, jpmorgan chase chief jamie dimon and the chairman of the fdic. the goal, that the rescue return the markets to normal and
major lifeline for first republic. cnn s christine romans has more on that. reporter: a remarkable effort from big american banks to save another bank from ruin. 11 banks, $30 billion. that s how much money and how much lenders it took to shore up first republic, preventing another silicon valley bank. $5 billion each from bank of america, wells fargo, jpmorgan chase and citi. $2.5 billion from goldman sachs and morgan stanley, $1 million from nyc melon, truist and pnc. it includes talks between the treasury janet yellow, jp morgan chase chief, jamie dimon and the chairman of the fdic. the goal that the rescue return the markets to normal and convinces you at home your money is in safe hands. it capped a fast-moving week of efforts by the federal reserve, the treasury department and bank
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battle. here is what he had to say. it s hard to explain how i feel. and in the truist sense of the wor word. support from the u.s. to ukraine has not flagged. they ve just announced another $2 billion worth of support and a lot of this is going to be artillery and drones as well, at least four different kinds of drones, including those kamikaze drones which can drop from the sky and destroying a russian vehicle. back to you. neil: thank you, steve harrigan in kyiv. olena one year later where it stands. i had the honor of talking to her several times beginning with a bunker with her beautiful children and sometimes you could hear the bombs outside. a year later now back with us to take a look as we go into a second year of this war. olena, good to see you. how are you holding up, the