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BBCNEWS World Business Report July 6, 2024

to ask after the weekend rescue of credit suisse by ubs. in the last half hour or so the us treasury secretary janet yellen has continued to offer reassurances that the banking system is stable in a speech to bankers in washington. she s been saying that the us government is prepared to help more banks if that s what is needed. the government s recent actions have demonstrated our commitment to take the necessary steps to ensure that savings and the banking system remain safe. our intervention was necessary to protect the board a us banking system and similar actions could be warranted if smaller institutions suffered that pose the risk of contagion. and if we look at the latest on the financial markets we can see that they are in positive terittory. they re expecting some of those reassurances from politicians. we can move on and see some of the banking shares here in london, hsbc. these are some of the stocks at lost valley yesterday as those concerns grew about ubs a ....

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BBCNEWS World Business Report June 4, 2024 14:34:00

Working? impact is that having? is that workin: ? ,. impact is that having? is that workint? ,. a, , working? between the rescue efforts b jp working? between the rescue efforts by jp morgan working? between the rescue efforts byjp morgan and working? between the rescue efforts by jp morgan and the working? between the rescue efforts by jp morgan and the reassurances i byjp morgan and the reassurances that we have heard just now from janet yellen, we are seeing that shares a first republic have jumped up shares a first republic have jumped up by shares a first republic have jumped up by more than 25% in trading today. rememberthat up by more than 25% in trading today. remember that the bank shares had created by more than 75% over the last week and a half as investors were very concerned that it could possibly be the next bank to fail, but these kind of reassurances coming from the banking sector and from the treasury secretary have lifted confidence. how much of this new fou ....

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