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so let s get down to business and turmoil in the banking industry is back. shares in the us regional lender first republic dropped more than 20% in extended trading on monday after it revealed it suffered a huge drop in deposits during the first quarter. first republic came under intense pressure after silicon valley bank and signature bank collapsed last month. samira hussain has more from new york. normally more from new york. when a company is earnings normally when a company is earnings for a quarter are released executives hold a call with analysts when they take questions, that wasn t the case for first republic, executive spoke for about ten minutes and then took no question. it is perhaps an indication ofjust how bad must have become at the regional bank. during the first quarter, it lost hundred and $2 billion in customer deposits, thatis billion in customer deposits, that is way more than half of the $176 billion it had on hand at the end of last year. after at the ....
months of this year. these are the first set of quarterly gdp figures since the end of the country s strict covid poilcy in december. this boosted retail sales, which were up over 10% on this time last year. also a huge expansion in travel, with some 45 million air passengers taking trips last month. all of this has helped spark positivity from investors, with groups like citi upgrading their china growth forecast to 6.1% that s well over china s own targets. joining me now is rory green, chief china economist at consultants ts lombard. these numbers look strong. is it a short term bounce or was it more sustainable. it short-term bounce or was it more sustainable- sustainable. it is generally fairly sustainable sustainable. it is generally fairly sustainable for sustainable. it is generally fairly sustainable for the sustainable. it is generally fairly sustainable for the remainder i sustainable. it is generally fairly sustainable for the remainder of 2024. wha ....
Good to see you. The question is, what has gone wrong here . This is a similar situation to the midland bank and its situation some 30 years ago. Bank and its situation some 30 years a. O. Bank and its situation some 30 years ao,. ,. ,. , bank and its situation some 30 years 80. ,. , [iii bank and its situation some 30 years ao. , [iii ,. , bank and its situation some 30 years ao,. , xii,. ,. , ago. Yeah, about 30 years ago midland bank ago. Yeah, about 30 years ago midland bank was ago. Yeah, about 30 years ago midland bank was a ago. Yeah, about 30 years ago midland bank was a bank ago. Yeah, about 30 years ago midland bank was a bank that l ago. Yeah, about 30 years ago i midland bank was a bank that had very little capital, was barely making any money and because it didnt have much in the way of capital or money it was finding it difficult to make any money. I was involved in a project at the time to try to help it to make as good use as a good of the little World Business Report , Aaron Hazlehurst , Metro Bank , 2 7 Million , On Britain , Banking Analyst , Frances Coppola , 30 Million , 600 Million , 730 Million , 00 Million , Midland Bank , Iii Bank , Capital Letter , The End , Loan Book , Big Lenders , Fire Sale , Mortgage Book , Anybody Book , Scheme Limit , Don T , Pub Chainjd Wetherspoon , Wor Atall , Food Sales , Operating Profit ,