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 the wo
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tiktok, and that the government has rejected tiktok s efforts to create a data security system that would keep tiktok in bytedance s cancels a whether tiktok can continue its offensive and tried to persuade washington that bytedance itself is not a risk, we will see. go to s s ceo is testifying before congress next week and i think that will be a pivotal moment. but that is the question before lawmakers both in the us and in various other jurisdictions around the globe right now is can tiktok do enough to secure data that bytedance can continue to own it, or the only thing that will satisfy regulators is that if bytedance divest from tiktok completely. bytedance divest from tiktok completely- bytedance divest from tiktok comletel . . ~ , . completely. thank you very much for our completely. thank you very much for yourtime- completely. thank you very much for your time. thank completely. thank you very much for your time. thank you. - stay with us on bbc news. still to come: why