let s go to kelly o grady on why this is so different. kelly? well, great to see you, neil. yeah, when i woke up this morning and i heard that j.p. morgan chase had taken over first republic, it reminded of 2008 when you saw them take over bear stearns, when you saw them take over washington mutual. one of the key take-aways, the big bank banks keep getting bigger. j.p. morgan won out on a competitive bidding process. they re taking over all deposits. the bank will also make a 10.6 million payment to the fdic as part of this takeover. they were operating as usual today. the one that i m at, folks were coming in and out, checking their accounts. the president said he feels like the banking system is going to be okay. listen to this. regulators have taken action to facilitate the sale of first republic bank and ensure that all depositors are protected and the taxpayers are not on the hook. these actions are going to make sure that the banking system is safe and sounds. ma
two americans kidnapped in mexico now back in the u.s. for treatment. other two are dead as the search for their killers ramps up. why ukrainian forces refuse to retreat from the bloody battles if bakhmut, president zelenskiy warning about consequences if russia seizes the city, new u.s. senate bill aims to give the biden administration the authority to ban tiktok. we ll discuss what data the ap collects and whether it should really be considered a threat to national security. . . live from cnn center, this is cnn newsroom with rosemary church. thanks for being with us, the two americans who survived a deadly kidnapping in mexico on friday are back in the united states. according to mexican officials la washington mcgee and eric williams were found in a wooden house in mattingly on thursday, williams s wife tells cnn he was shot in both legs, mcgee was not injured, her mother told our affiliate she s spoken with her daughter and doing ok but struggling with fact she had t
i think it s a mistake, neil, to add up 1 and 1 and come up with 5 in terms of the negative impact on other banks, this is what quite frankly creates a problem for some of the banks. we live in a world with instant communication. if a bank runs prompted by social media and all the electronics, people sort of need to calm down. if there s banks that have issues, hopefully there s been four shots across somebody s bow that they will they re working very hard to fix whatever problems they. have let s hope that there are in fact no more. also, the good news is that this is not 2008 and 2009 in my opinion. you know, we have issues, we have plenty of issues and we see that reflected in a stock market that can t get out of its own way. the market has absorbed these