live from london, this is bbc news. avoiding another banking crisis: us regulators race against the clock to find a buyerfor troubled first republic bank, whose shares plunged last week. more protests in france as unions call for further strike action against the government s pension reforms. and solving london s housing crisis: we ll tell you how one community is building its own solution by selling affordable housing to the locals. hello. i m mark lobel, here with your top business stories. let s start in the united states, where us regulators are racing to find a buyer for the troubled first republic bank. the federal deposit insurance corporation has reportedly asked six banks to bid for the lender, and wants a deal in place within the next 2a hours. shares in first republic plunged last week after it admitted customers had withdrawn $100 billion in deposits in march. at that time, its competitor silicon valley bank had collapsed, prompting fears of a wider banking crisis
recovery in investment volumes and capital values. but there has been a bit of a debt subsequently. this is reflected in the local challengers, recent challenges around inflation and interest rates, so now we re looking at capital values about 8% lower than they were before covid. bud values about 8% lower than they were before covid. were before covid. and you mentioned were before covid. and you mentioned the were before covid. and you mentioned the interest - were before covid. and you. mentioned the interest rates because of the ukrainian war, the global slump that we are having an impact on the commercial space, having an impact on the commercialspace, but having an impact on the commercial space, but there is potentially a saviour comes to retail. experientialshopping. can you tell us about what that is and how it might help? there is and how it might help? there is been a trend is and how it might help? there is been a trend towards - is and how it might help? there is be
necessary there s an open discussion and i think that s also important because modern trade women s have not only to deal with terrorists but also with rules stand it s because labor and environmental rights and therefore an open to and spend discussion is necessary and i think this is one killer meant to have to get acceptance for twenty agreements so long and thank you very much. from brussels but here s another thing gus two hundred fifty six billion euro cents the amount of bilateral investment volumes between the e.u. and singapore let s bring in the hang who is in singapore. is a tiny country at how can the e.u. simple trade and investment volume be so big. well singapore may be tiny but it is quite the powerhouse in that interview with the b.b.c. a prime minister did it meant that the he was an ambitious malls that being said