Elissaar has more on what could happen next, alyssa. Thats right. Well, officials were looking for a buyer and we were expecting to hear an announcement sometime today, but at this time, we are still waiting to learn the fate of First Republic bank. The feds were expected to take over First Republic sometime this weekend. I spoke with an economist about what another bank failure could mean for the banking industry. First there was the failure of Silicon Valley bank, then Signature Bank and now another one is on the chopping block. First Republic Bank headquartered in San Francisco, depositors pulled out more than 100 billion last quarter. First Republic Bank has been hurt, just like Silicon Valley bank, hurt by an enormous run on their deposits. Jim wilcox, you see, high school of business professor and economist, explained how this run on the bank can lead to failure. Theyve had to replace these deposit. That they have been paying very low Interest Rates on and still would be with ver
end of the show. first, hunter s baby mom is not doing so great we remember learning to ride a bike. first time i rode a bike i crashed. some people remember their dads a little differently. what i do remember is you making me drive you home from the beach because you were too drunk. makes sense to me another hand to drive home. i was 8. you looked 14 because you were such a huge fat i m sorry. hunter biden did something no one has ever done. hunter biden went to court today to prove is he a deadbeat dad. usually deadbeat dads don t want anybody to know. hunter biden, the son of the president of the united states went to court and told the world i want to pay less child support. now hunter can t even pick his 4-year-old love child from a lineup. he doesn t even know what she looks like. he has never met her. those are his words, not ours. but in tomi hunter fashion, he had to advertise to the entire world how despicable. he is. just like hunter said the laptop is
Captioning funded by cbs this is the cbs morning news for monday july 6th 2015. Good morning and thanks for joining us. Im Alison Harmelin in for annemarie green. Leaders of European Countries will hold a meeting tomorrow. The decisive vote follows months of failed negotiations leaving the state of greeces banks and their participation in the euro rowe up in the air. This morning greeces finance minister resign. He was told not to attend some of the upcoming finance meetings. Brian webb is here in new york. Good morning brian. Good morning, alison. Sending stocks down on wall street and along with them your 401 k . Small groups of protesters clashed with police in athens overnight after voters rejected the terms of a debt bailout deal worth billions. We dont want to be slaves. Reporter this morning greeces finance minister resigned as leaders of the eurozones two biggest economies, germany and france, met to discuss the crisis. There were a lot of people who said if they said no that w
Reporter good morning, well some say San Franciscos sanctuary city status protected the man accused of killing 32 yearold kate steinle. She was shot in broad daylight last week. The suspect Francisco Sanchez was an undocumented immigrant with a long criminal history. While in jail on a drug charge, immigration authorities asked the city to note them when he got out and mayor ed lee cant commenting. The sheriff didnt either. And California Attorney general harris who supported San Francisco being a sanctuary city is running for u. S. Senate. So how will this affect these politicians and their future ambitions . No one in recent history has ever lost an election by being too pro immigrant. It is not a stance thats going to lose you many votes here in San Francisco. For that reason, i dont see any politicians really changing their votes or moving to amend the law in this area. Reporter tom was a supervisor who supported the sanctuary city stance. He is now considering a run for state offi
This is the cbs morning news for monday july 6th 2015. Good morning and thanks for joining us. Im Alison Harmelin in for annemarie green. Leaders of European Countries will hold a meeting tomorrow. The decisive vote follows months of failed negotiations leaving the state of greeces banks and their participation in the euro rowe up in the air. This morning greeces finance minister resign. He was told not to attend some of the upcoming finance meetings. Brian webb is here in new york. Good morning brian. Good morning, alison. Sending stocks down on wall street and along with them your 401 k . Small groups of protesters clashed with police in athens overnight after voters rejected the terms of a debt bailout deal worth billions. We dont want to be slaves. Reporter this morning greeces finance minister resigned as leaders of the eurozones two biggest economies, germany and france, met to discuss the crisis. There were a lot of people who said if they said no that was really a vote to leave