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a group of big american banks has injected $30 billion into a smaller regional bank, first republic, which had been seen as at risk of failure. it comes as fears grow of a crisis in the global financial sector. shares in european banks hit a two month low, after the eurozone s central bank hiked interest rates by a half of 1%. us treasury secretary janet yellen insists the us financial system remains sound, despite a series of bank collapses. let s cross to los angeles, and speak to our north america correspondent, peter bowes. peter bring us up on what the latest is and what is going on. it clearly is a big boost for first republic was that there were fears it could go under just like silicon valley bank did last week, and this $30 billion, from 11 major banks, that includejp morgan chase, citigroup as well, crucially important to keep first republic alive, because first republic alive, because first republic is a very prominent banker in california, in los angeles, ov ....
welcome to our viewers on pbs in america and around the globe. a group of big american banks has injected $30 billion into a smaller regional bank, first republic, which had been seen as at risk of failure. it comes as fears grow of a crisis in the global financial sector. shares in european banks hit a two month low after the eurozone s central bank hiked interest rates by 0.5%. our north america correspondent peter bowes has more. this clearly is a big boost. there were fears he could go underjust like silicon valley bank did last week, and this $30 billion from 11 major banks that includejp morgan chase, citigroup as well, crucially important to keep first republic alive because first republic alive because first republic is a very prominent bank here in california in los angeles, over the last few days we have seen people queueing outside to take their money, their investments out of that bank and placed them with other larger banks, such as been their concern that ....
11 of america s biggest private banks have stepped forward with a $30 billion rescue package for the troubled first republic bank. fears had been growing that the regional lender might be at risk of failure as a result of market turmoil. our north america correspondent peter bowes has more. well, this clearly is a big boost. there were fears it could go underjust like silicon valley bank did last week, and this $30 billion from 11 major banks that includejp morgan chase, citigroup as well, crucially important to keep first republic alive, because first republic is a very prominent bank here in california, in los angeles. over the last few days, we have seen people queueing outside to take their money, their investments out of that bank and place them with other larger banks, such has been their concern that it could go under. there has been a ripple effect, if you like, throughout the banking communities, and a ripple effect that we have seen really now go right across ....
senegal celebrates the rich traditions of the continent s fabrics and textiles with some of africa s leading contemporary designers. welcome to world news america, in the uk, on pbs, and around the globe. we start in france, where hundreds of protesters have filled the vast square opposite the parliament building in central paris. they started fires and chanted their opposition to the government s move to push through unpopular pension reforms without a parliamentary vote. president emmanuel macron opted to invoke a controversial article in the french constitution, after a frantic series of meetings with close aides and ministers revealed he d lose a potential vote. the french prime minister elisabeth borne was booed as she arrived in the national assembly to announce that the government would trigger article 49.3 of the french constitution. a short while ago our correspondent hugh schofield joined us from outside the parliament building. hugh schofield, the use of ....
just because democracy didn t produce the results they wanted . they still plan to change the suburbs forever by getting rid of them. joe biden s hud secretary, marcia fudge, a former member of congress explained last year the administration was concerned that african americans cannot afford homes not because they re poor, but because home appraisers are racist watch. what the president has said, is that we have to look at everything through a lens of equity. and so what? we have realizes that people selling homes that just as the person you were talking about, and even people buying homes if their appraisal is not correct, what we find especially as a black people in communities of color and underserved communities is we lose great wealth just through the appraisal process. notice here the seizing of the moral high ground big picture. if the party ministration got about african americans they probably wouldn t withdrawal the police were american but in point of fac ....