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live from london, this is bbc news. avoiding another banking crisis: us regulators race against the clock to find a buyerfor troubled first republic bank, whose shares plunged last week. more protests in france as unions call for further strike action against the government s pension reforms. and solving london s housing crisis: we ll tell you how one community is building its own solution by selling affordable housing to the locals. hello. i m mark lobel, here with your top business stories. let s start in the united states, where us regulators are racing to find a buyer for the troubled first republic bank. the federal deposit insurance corporation has reportedly asked six banks to bid for the lender, and wants a deal in place within the next 2a hours. shares in first republic plunged last week after it admitted customers had withdrawn $100 billion in deposits in march. at that time, its competitor silicon valley bank had collapsed, prompting fears of a wider banking ....
Thanks so much forjoining us. this is a swift reaction isn t it to avoid what happened at silicon valley bank?- silicon valley bank? yes, exactly- silicon valley bank? yes, exactly- if silicon valley bank? yes, exactly. if we silicon valley bank? yes, exactly. if we see - silicon valley bank? yes, exactly. if we see first. exactly. if we see first republic bank go to the wall which seems pretty much 100% likely at this point, this will be the fourth bank in the us to fail so the federal deposit in co corporation want to stop any momentum here and really distort the fears there are in the us that we are seeing a regional bank collapse. if we look at a broad index they are down 25 30% so there are a lot of investors out there quite worried and the authorities are keen to draw a line under all of this. ~ ., ., ,, ~ of this. who do you think looks like they could of this. who do you think looks like they could step of this. who do you think looks like they could step into - like ....