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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, jam ....
It? it is a big issue, but it s also an it? it is a big issue, but it s also an issue it? it is a big issue, but it s also an issue for it? it is a big issue, but it s also an issue for the - it? it is a big issue, but it s also an issue for the oil - also an issue for the oil companies, because on one hand, for the energy companies, on one hand, you expect, the public is expecting energy companies to secure the supply of hydrocarbon and also to support the transition, the energy transition, and bp will this year, 30% of its investments will go towards energy transition from etc, by the end of the decade, it will be 50%. so if you really want these companies to become greener and become part of the energy transition, have the money to do that for me you can t tax it all away. money to do that for me you can t tax it all away. can t tax it all away. let s talk about can t tax it all away. let s talk about bp s can t tax it all away. let s talk about bp s plans, - can t tax it ....