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hello there. we begin in the us where, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic plunged, as investors worry that it could be the next to fail. it follows the stunning collapse of two other specialist lenders, including silicon valley bank. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. that s been putting a ton of pressure on smaller regional banks. depositors at first republic have withdrawn billions of dollars and the regional banks share price has been cut in half. now the biggest of the american banks have stepped in, led by the likes ofjpmorgan and citigroup, 11 companies have agreed to make $30 billion of uninsured deposits in first republic. they have done this in the hope that it will be enough to shore u ....
11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic bank plunged, as investors worry that it could be the next to fail. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. and that has been putting a ton of pressure on smaller regional banks. now, depositors at first republic have withdrawn billions of dollars. the regional banks share prices has been cut in half. now, the biggest of the american banks have stepped in, led by the likes ofjp morgan and citigroup. 11 companies have agreed to make $30 billion of uninsured deposits in first republic. now, they have done this in the hope it will be enough to shore up confidence and notjust in first republic, but in the entire banking system. the troubles of those american lenders have fuelled concerns about the value of bonds held by banks, as ris ....
a harmful gene. hello and welcome to bbc news. dmytro kuleba, ukraine s foreign minister, has warned that countries which mistreated ukraine during the darkest moment of its history will be held to account after the war ends. in an interview with the bbc, he also warned western allies that delaying the delivery of weapons will cost the lives of ukrainian soldiers. our diplomatic correspondent, james landale, has been speaking to him, and began by asking him why the battle for bakhmut in the east of ukraine is so important. the battle for bakhmut is now the longest of the war. more than half a year of bloody fighting for control of what is little more than rubble. but ukraine s foreign minister told me holding the city was vital, and notjust for the damage it s causing to russia s army. defending bakhmut is emotionally very challenging, because people find it hard emotionally to take, carry the burden of this death, loss of human life and destruction. it s a stru ....
from an absolutely huge earthquake and almost equally large aftershock that hit today. the initial quake was centered in south central turkey. that initial jolt hit between 4:00 and 4:30 in the morning so people were home in their beds that initial quake was 7.8 and it was followed hours later by an aftershock that was 7.5 now, having such a huge quake like that followed in such quick succession but almost equally large quake, anything significantly damaged but still standing after the first shock, it came down in the aftershock in turkey alone they re saying ther more than 5,000 buildings that collapsed across across the southern border into northern rdsyria, there are aga thousands of, buildings collapd there as well between turkey and syria, we are talking about a death toll alreadyou approachin 4,000 people killed with many, many, many more thousands of peoplend injured. tonight, of course, is the twin horror of trying to rescue people trapped in the rubble and unde ....
newsroom 11 banks stepping up to provide a financial life line to first republic bank, the regional u.s. bank facing significant challenges the last week. [ sirens ] this is an area that will see the line of storms move through the overnight hours and early morning hours friday. we know the intercept was intentional. we know the aggressive behavior was intentional and very unprofessional and very unsafe. live from london, this is cnn newsroom with max foster and bianca nobilo. it is friday, march 17, 9:00 a.m. in london, 4:00 a.m. in new york where new trading day gets under way in just a few hours. investors may be wondering if another regional bank needs rescuing. it looks better for first republic after 11 major banks extended a lifeline to keep it afloat. a large percentage of uninsured deposits prompted many customers to pull their money from the bank. and shares soared after the news. right now futures are steady if not rising slightly and marke ....