comparemela.com

Latest Breaking News On - It signature bank - Page 1 : comparemela.com

Transcripts For BBCNEWS World 20240706

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

Transcripts for BBCNEWS World Business Report 20240604 13:37:00

crisis and it is not the equality thatis crisis and it is not the equality that is bringing the banks down, it is the interest rate risk. now that the fed has put in place the funding programme in which banks can pledge assets, their securities at par, that should stabilise the system, and when we do a screen of which ones were most vulnerable, first republic was near the top of the list, as well as silicon valley bank, capital, which also went under, and it signature bank, so a high level of uninsured deposits, and the near term acute stress in the system is behind us which is not to say that looking out 12 18 months, that we are completely out of the woods, because it is likely to get worse for the banks especially in commercial real estate and office, so looking at further we could see some downside in the banks

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.