efforts to ease fears of a global financial crisis. are underway. rescue plans have been offered to 1st republican credit suisse banks to reassure markets. 11 banks of banded together to deposit $30000000000.00. at the 1st republic to shore up its finances. while the us treasury secretary has appeared before a senate committee, assuring it become pres, banking system is some we worked with the federal reserve in f d. i see to protect all depositories of the to feel banks. on monday morning, customers were able to access all of the money in their deposit accounts, so they could make payroll and pay the bills. shareholders and debt holders are not being protected by the government. importantly, no taxpayer money is being used or put it risk with this action. deposit protection is provided by the deposit insurance fund, which is funded by fees on banks. will rob ronald has more from outside a branch of 1st republican los angeles. on the one hand, the branch behind me is still op
credit suisse is meeting its capital and liquidity demands that it will step in if needed. a statement followed the tumbling of u. s. and european stock market on wednesday because of concerns about credit suisse. it shares plunged 24 percent to a new record, lo, dragging down european bank stocks along with it. you can talk market suffered its biggest fall in more than a year with a foot to $100.00 tumbling 3.8 percent. a dow open the day with a decline of 1600 points. chris is a new me is on wall street and said it don t just bank stocks that are falling. now we re seeing an impact across the markets. i hear the major indices are all trading in the negative today at one point the dow jones industrial storm, more than 2 percent. it s recovered slightly from those lowes but still trading in the negative. and again, it s not just banking stocks. we re seeing commodities oil prices are lower and money being poured into government bonds, which are seen as a safer investment in t
A federal appeals court will hear oral argument Wednesday on a federal judge’s order that required the State Health Plan to pay for medical treatments, including hormone therapy and surgeries,
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