and we will try to watch those throughout the programme but we will also look at some of the top business stories because they are developments in banking. first republic has failed in the us but it has been rescued and of course there are concerns about the wider banking industry and another us bank has collapsed and that has caused shock around the world. first republic will be taken over byjp morgan in a deal orchestrated by regulators and it has been under pressure for weeks as customers withdrew cash over worries about its future amid a rapid increase in interest rates. these coming just after the collapse of silicon valley bank. first republic has seen the deposits it held full sharply by more than $100 billion of the lost confidence in the bank and the rescue deal now meansjp morgan will take over $203 billion worth of loans and other securities from first republic. amid concerns about the health of the wider banking system, thejp morgan boss said this has helped to st
thatis not like what happened in 2008 and that is the thing many people will be worried about, whether it is a rerun of the banking collapse. remember what happened a few months ago, with the other banks when they failed. everyone was asking that question, i ll be going back to another financial crisis, question, i ll be going back to anotherfinancial crisis, is question, i ll be going back to another financial crisis, is this going to be reminiscent of 2008? are we going. we saw government officials trying to reassure the public that this is not the financial crisis all over again. the treasury secretary made the statements and we also heard from jerome powell who said the same thing. jamie dimon in speaking to reporters said this is it, the banking crisis has taken over the us and the takeover of first republic should really stop any of these other things we have seen in the