welcome to our viewers on pbs in america and around the globe. a group of big american banks has injected $30 billion into a smaller regional bank, first republic, which had been seen as at risk of failure. it comes as fears grow of a crisis in the global financial sector. shares in european banks hit a two month low after the eurozone s central bank hiked interest rates by 0.5%. our north america correspondent peter bowes has more. this clearly is a big boost. there were fears he 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 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 placed them with other larger banks, such as been their concern that it cou
the public know that the biggest banks and us regulators are there to stop the bleed of deposits, stop these great depression era type of bank runs. depression-era type of bank runs. ,, ., , , depression-era type of bank runs. ,, , runs. the us treasury secretary has said depositors runs. the us treasury secretary has said depositors could - runs. the us treasury secretary has said depositors could have i has said depositors could have confidence in the system. do you think people should be worried? i you think people should be worried? ~ . worried? i think that the next ste - , worried? i think that the next ste, if worried? i think that the next step. if you worried? i think that the next step, if you will, worried? i think that the next step, if you will, and - worried? i think that the next step, if you will, and we - worried? i think that the next step, if you will, and we are i step, if you will, and we are seeing this with bigger banks like credit suisse, and the reason th