8 min listen
Wall Street banks rescue First Republic
FromFT News Briefing
ratings:
Length:
10 minutes
Released:
Mar 17, 2023
Format:
Podcast episode
Description
The largest US banks have banded together to deposit $30bn into First Republic Bank in an attempt to bolster its finances, the European Central Bank has raised interest rates by half a percentage point, Emmanuel Macron failed a critical parliamentary test and chose to override lawmakers to pass his unpopular plan to raise France’s retirement age, and the FT’s Stephen Morris explains why HSBC took a chance on Silicon Valley Bank UK. Mentioned in this podcast:Wall Street banks to deposit $30bn into First RepublicECB increases rates by 0.5 percentage pointsMacron to pass pension reform by decree as protests sweep FranceWhy HSBC swooped on SVB UKDownload the FT Edit app here: ft.com/fteditThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Released:
Mar 17, 2023
Format:
Podcast episode
Titles in the series (100)
Thursday, October 18: The latest from the EU summit in Brussels, how the Federal Reserve is defying President Donald Trump and why some worry the US president is letting Saudi Arabia off the hook. Plus, a look at Europe's shadow population. by FT News Briefing