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Business Matters: First Republic's future in doubt again

29/04/2023 GMT

First Republic's future in doubt again

BBC World Service - Business Matters, First Republic's future in doubt again

The bank's shares tank as US officials lead rescue talks

The bank's shares tank as US officials lead rescue talks.

The bank's shares plunge by more than 40% as plans for its survival fail to materialise. We talk to a depositor about his concerns and we ask experts what First Republic's clients like him can expect as news that the bank might be placed under receivership start to emerge. 

Also in the programme, we take a look into sustainable fashion now that the European Parliament’s Environment Committee has outlined a series of recommendations and measures to encourage members to produce circular, sustainable and socially responsible textiles. We also discuss Japan’s pledge to have women occupying at least 30% of executive positions in the country's top companies by the end of the decade. And we hear from Jason Derulo about the skills needed to succeed in the music industry.

Devina Gupta is joined throughout the programme by two guests on opposite sides of the world: Rebecca Choong Wilkins, Senior Asia Correspondent with Bloomberg in Hong Kong, and Takara Small, a technology journalist in Toronto.

(Picture: A man works inside one of the First Republic Bank branches in New York. Picture credit: Reuters)

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