live from london, this is bbc news. avoiding another banking crisis: us regulators race against the clock to find a buyerfor troubled first republic bank, whose shares plunged last week. more protests in france as unions call for further strike action against the government s pension reforms. and solving london s housing crisis: we ll tell you how one community is building its own solution by selling affordable housing to the locals. hello. i m mark lobel, here with your top business stories. let s start in the united states, where us regulators are racing to find a buyer for the troubled first republic bank. the federal deposit insurance corporation has reportedly asked six banks to bid for the lender, and wants a deal in place within the next 2a hours. shares in first republic plunged last week after it admitted customers had withdrawn $100 billion in deposits in march. at that time, its competitor silicon valley bank had collapsed, prompting fears of a wider banking crisis
funding why we put an enormous amount of funding in why we put an enormous amount of funding in place to support them. for social funding in place to support them. for social care, that largely goes through for social care, that largely goes through local authorities. so one of the earliest things we did was provide the earliest things we did was provide billions of pounds extra for local authorities in honouring fenced local authorities in honouring fenced grants so they would have extra fenced grants so they would have extra funds to spend on the things they needed to at the time. that was done, they needed to at the time. that was done, i they needed to at the time. that was done, i cant they needed to at the time. that was done, i can t remember exact what date, done, i can t remember exact what date, but done, i can t remember exact what date, but relatively early on in the pandemic date, but relatively early on in the pandemic. with regard to social
through this other sort of laundered system that removes the compensation from the original creators, so that s true for news, that s true for art, that s true for pros, for writing, essentially removing all the sort of compensation mechanisms for people who are producing content that the ai systems then soak up and regurgitate. systems then soak up and regurgitate. who should be lookinu regurgitate. who should be looking at regurgitate. who should be looking at the regurgitate. who should be looking at the effects - regurgitate. who should be looking at the effects of. regurgitate. who should be| looking at the effects of the 300 million full timejobs looking at the effects of the 300 million full time jobs that is expected to go from this because of, and putting low earners at risk of their livelihoods, and regulation come from? we have norway, sovereign wealth fund, countries like italy putting in their own types of regulation, but worshipping look for safeguards? but worshipp