it comes after the embattled lender revealed that 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. the bbc s samira hussain has more from new york. normally when a company s earnings for are released, executive hold a call with analysts where they take questions. but that wasn t the case for first republic bank. executives spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things have become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that s way more than half of the $176 billion it had on hand at the end of last year. after silicon valley bank and signature bank were taken over by federal regulators, wall street worried that first republic could be the next bank to go down, since it has similar clients to silicon valley bank people in the startup space. on mo
first republic came under intense pressure after silicon valley bank and signature bank collapsed last month. the bbc s samira hussain has more from new york. normally when a company s earnings for are released, executive hold a call with analysts where they take questions. but that wasn t the case for first republic bank. executives spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things have become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that s way more than half of the $176 billion it had on hand at the end of last year. after silicon valley bank and signature bank were taken over by federal regulators, wall street worried that first republic could be the next bank to go down, since it has similar clients to silicon valley bank people in the startup space. on monday, the bank said it would cut about a quarter of its staff and slash executive compensation. samira executive
plan is a dangerous risk. the prime minister and chancellor plan is a dangerous risk. the prime minister and chancellor are - plan is a dangerous risk. the prime minister and chancellor are like - plan is a dangerous risk. the prime | minister and chancellor are like two desperate minister and chancellor are like two desperate gamblers in a casino chasing desperate gamblers in a casino chasing a desperate gamblers in a casino chasing a losing run. for people ara- linu chasing a losing run. for people grappling with chasing a losing run. for people grappling with the chasing a losing run. for people grappling with the soaring - chasing a losing run. for people. grappling with the soaring cost of living, what do they make of the chancellors announcement? yes. living, what do they make of the chancellors announcement? yes, i m not auoin chancellors announcement? yes, i m not going to chancellors announcement? yes, i m not going to pay chancellors announcement? ye
the stars and the black holes that appeared in our universe 13 billion years ago. tonight with the context, stefanie brown james, co founder of collective pac, the group campaigning for equal representation in american politics, and tom peck, political sketch writer at the independent. hello, welcome to the programme. donald trump knew there was no evidence to support his wild conspiracy theories that the election was stolen. his attorney general told him, his chief of staff told him, his white house council pat cippilone told him. but trump refused to believe the reality. today, the jan 6 committee honed in on an extraordinary series of meetings in dec 2020, in which white house staff got into a screaming match with trump loyalists, who somehow had gained access to the president office. rudi giulliani, general michael flynn and the lawyer sydney powell were feeding donald trump theories, without any evidence, that the election had been stolen. he said every video the judg
a new dual covid vaccine will form part of the uk s autumn booster campaign the jab targets both the original covid and omicron variants. and, at last, an apology for the native american actress, booed off stage at the oscars, almost 50 years ago. good afternoon and welcome to bbc news. new figures suggest the real value of wages, has fallen at its fastest rate since records began, leading to further concerns about the cost of living. the office for national statistics says regular pay, excluding bonuses, was up 4.7% between april and june this year, compared to last year. but taking inflation into account, it s actually down 3%, hit by the rising cost of goods and services. the government says it recognises people are struggling with high prices, but is providing direct financial help for millions on low incomes. here s our economics correspondent, andy verity. from the outside, 4.7% is the best average pay rise for years. but the inside story is the average worker is deal