The FT's Paris Bureau Chief Leila Aboud

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Leila Aboud: Macron has used this decree and lawmakers can respond by calling a no confidence vote. Could that happen? I put it as a low probability event, doesn't mean it can't happen but it's probably not the most likely scenario. partnering with Bank of America could be your smartest move. Position your business to capitalize on opportunity in a moments notice.

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 Republic

ECB increases rates by 0.5 percentage points

Macron to pass pension reform by decree as protests sweep France

Why HSBC swooped on SVB UK

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The 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

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