also in the programme we re going to take a look at the state of the commerical property sector, in the post covid world. but first. let s start in the united states, where us regulators have closed down first republic bank, and sold the troubled lenders assets tojp morgan. it was one of six banks that submitted bids to buy first republic, at an auction run by regulators. it makes it the second largest retail bank failure in us history, after washington mutual in 2008. the last ditch attempt to rescue first republic came after shares plunged last week after admitting customers had withdrawn $100 billion in deposits in march. that s when competitor silicon valley bank collapsed, prompting fears of a wider banking crisis. also in march, a group of ii us banks stepped forward to pump $30 billion into first republic in an attempt to stabilise the business. it didn t work, as the bbc s
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