First Republic: 11 US banks ride to rescue
World Business Report - Podcast autorstwa BBC World Service
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Another bank bail-out has taken place this week. 11 giant US financial institutions said they will deposit $30 billion dollars in California’s First Republic Bank, to try to revive it from a whirling financial storm. Familiar names like J.P. Morgan and Citi are among those institutions which join the unusual bail-out campaign. US treasurer Janet Yellen reassured markets that banks in the US are still strong and healthy. The French government strongarmed their lawmakers to push its controversial pension reform package through on Thursday, sparking another wave of protests in many cities. The unions are now calling for another national strike next Thursday. Will President Macron back down again?
