and we will try to watch those throughout the programme but we will also look at some of the top business stories because they are developments in banking. first republic has failed in the us but it has been rescued and of course there are concerns about the wider banking industry and another us bank has collapsed and that has caused shock around the world. first republic will be taken over byjp morgan in a deal orchestrated by regulators and it has been under pressure for weeks as customers withdrew cash over worries about its future amid a rapid increase in interest rates. these coming just after the collapse of silicon valley bank. first republic has seen the deposits it held full sharply by more than $100 billion of the lost confidence in the bank and the rescue deal now meansjp morgan will take over $203 billion worth of loans and other securities from first republic. amid concerns about the health of the wider banking system, thejp morgan boss said this has helped to st
pictures right now from paris. you can see police moving in and we will have the latest. and in america first republic has become the third back to collapse in a matter of months and will be bought byjp morgan chase. this is bbc news. let s go straight to paris and you can tell that potentially we have tear been fired and potential disturbances at those protests. we were in paris in the past hour or so and scenes were pretty peaceful. there had been a huge downpour of rain and perhaps that was behind it. although we are now seeing these pretty dramatic pictures but of course there will be other areas of the protests which are much calmer. but as you can see this is paris and these are live pictures coming in now. and you can see some clashes with police. the reason behind this, in essence it is about emmanuel macron and his pension reforms, increasing the age at which you can claim from 60 to up to 64 but as ever with protest on the scale it is about much more than that. it i
the latest. hello. leeds are set to sack managerjavi gracia. they are in talks to bring in former england boss sam allardyce. director of football victor orta has also left the club. leeds are only the above the drop zone on goal difference. alla rdyce allardyce worked with the leeds chief executive at west ham and would become the fourth manager this season. gracia wonjust three of his 12 games in charge. they have four games to go this season. arsenal can go back to the top of the premier league later with a win over london rivals chelsea. the blues have lost five out of five, under interim boss frank lampard, and arsenal will hope that extends to six. but arteta says the club must be pleased with qualifying for the top four and having a chance at the title at this stage in the season. because we have achieved what was difficult to achieve, and we can still achieve the premier league, because there are five games to go, and lots of things will happen. we have to forget what
to ask after the weekend rescue of credit suisse by ubs. in the last half hour or so the us treasury secretary janet yellen has continued to offer reassurances that the banking system is stable in a speech to bankers in washington. she s been saying that the us government is prepared to help more banks if that s what is needed. the government s recent actions have demonstrated our commitment to take the necessary steps to ensure that savings and the banking system remain safe. our intervention was necessary to protect the board a us banking system and similar actions could be warranted if smaller institutions suffered that pose the risk of contagion. and if we look at the latest on the financial markets we can see that they are in positive terittory. they re expecting some of those reassurances from politicians. we can move on and see some of the banking shares here in london, hsbc. these are some of the stocks at lost valley yesterday as those concerns grew about ubs and cre
ou. hussain users. we like them, thank you- samira hussain users. we like them, thank you. samira hussain hussain users. we like them, thank you. samira hussain and hussain users. we like them, thank you. samira hussain and her- you. samira hussain and her vocabulary in new york. in other news. the new york stock exchange says it will delist shares of the failed us bank first republic and all trading in them has been suspended. it comes after the bank was rescued byjp morgan over the weekend in a deal orchestrated by us regulators. it has run into difficulties because of the steep increases in interest rates over the last year. some investors are concerned there are more problems to come in the us banking sector. british energy giant bp has reported a $5 billion profit for the first three months of the year. it made most of the money from its gas and oil trading division. the company has faced renewed critcism from opposition politicans in the uk over the size of its profits whic