[arista]

Originally Posted by Zizu

As long as it’s not us bailing out all these ropey banks !

CNN HD USA Feed Live on UK TV
11 banks have saved a Regional Bank

[A group of big USA banks has injected $30bn (£24.8bn)
into a smaller regional bank, First Republic,
which had been seen as at risk of failure.

The move came as authorities in the
US are trying to quell panic over the
health of the banking system, after a
series of bank collapses in the US.

Worries about the sector have spread globally,
raising fears of a crisis.
US regulators called the move "most welcome",
while the banks said their action
reflected their "confidence".
They said the banking system had plenty
of cash and made big profits.
"Recent events did nothing to change
this," they said. "The actions of America's
largest banks reflect their confidence
in the country's banking system."]




https://www.bbc.co.uk/news/business-64973321