let s start in the us where some of the worlds leading money managers are warning the collapse of another american bank could lead to a credit crunch and an economic slowdown. constrained lending as a result of stricter banking regulation could stifle credit to the us economy at a critical time. we ll get an expert view on this in a moment but first here s my colleague samira hussain on the collapse of first republic. as of monday, first republic customers turning up at their bank are in fact customers ofjp morgan chase. the signs above will soon change. first republic had been under pressure since the collapse of silicon valley bank and signature bank two months earlier. last week, first republic revealed deposited had removed $100 million in the space of a few months. customers feared their money was not safe. investors became convinced that it too was about to fail. riding to the rescue of america s distressed financial system, the boss of america s biggest bank, jamie dim
we really haven t got the detail. and i m geeta guru murthy in the studio our other headlines. the un security council hears calls for a security zone to shield ukraine s zaporizhzhia power plant, which is under russian control. reports say documents seized by fbi agents at donald trump s home include highly sensitive nuclear papers of a foreign power. welcome to the heart of british government where politicians hope to make the weather politically but they cannot do much about the weather we are experiencing at the moment. . , , , ., moment. excuse the sunshine and shadows. certainly, moment. excuse the sunshine and shadows. certainly, the moment. excuse the sunshine and shadows. certainly, the cabinet i shadows. certainly, the cabinet misses me in down the street a few minutes ago were in sunshine and the smiles which is entirely understandable, many of them around the cabinet table for the first time. the new politically office yesterday and begins to get her feet un
time for a look at the weather. here s darren bett. earlier in the programme it was all about money, money, money, now it s allabout about money, money, money, now it s all about highs and lows. the wind is strongest in scotland. we got some sunshine here and some sharp showers. furthersouth, quite cloudy and damp across much of northern england and north wales. we ve had a bit of rain and drizzle. that s moving southwards. this is what s happened over the past few hours. this raining western scotland is petering out as it runs away from northern england and north wales and eventually we ll see sunshine coming through. not much rain arriving in the midlands and across southern england it may stay dry and there will be sunshine particularly in the south east. here, it should be quite warm, temperatures reaching 21 degrees, but quite chilly across northern scotland where we ve got the stronger winds. this weather front is responsible for the rain moving across england and wales
And indias Prime Minister Narendra Modi comes to washington for his first meeting with donald trump. Welcome to the programme, i am Christian Fraser in london katty kay is In Washington. Finally, the british Prime Minister has a Working Majority to keep her in office but only thanks to a expensive deal with the Largest Party in Northern Ireland. The agreement signed today with the dup ensures that ten unionist mps will side with the government on confidence votes and on key brexit issues. But its not cheap. The deal guarantees Northern Ireland an extra 1. 2 billion, or £1 billion of funding over the next two years. And the dup could even come back to ask for more after 2019. So mrs may has some explaining to do to her critics how come money is hard to find for schools and hospitals, but not when it comes to keeping the conservatives in power . Well today, the leader of the Democratic Unionist Party said that the deal was of benefit to the whole of the uk. Throughout these discussions