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
A charity founded in NR5 to help disadvantaged people in the area has waved goodbye to its co-founder after 22 years of service.
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