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it signals concern about the health of the sector, following the collapse of first republic and its acquisition byjp morgan chase. the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. i think there is a real risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium sized banks, really exposed to higher interest rates. we are going to see another interest hike from the fed which might add extra pressure ....
hello and welcome to inside politics. i m john king in washington. thank you for sharing your day with us. shaky or sound? first republic bank collapses, a weekend deal to buy it bales out uber wealthy depositors but stirs worries about the strength of the economy. plus the head of the republican national committee delivers a blunt warning to republican candidates coast to coast, ignore the abortion issue at your own expense. and entire lives packed into a single suitcase, cnn captures the desperation on the dock in port sudan. thousands hoping to leave a nation at war with itself. up first for us, first republic goes bust, the company s 84 branches are open but under a new banner, that after regulators seized it and then broke it in an emergency weekend deal to sell it off. jpmorgan chase takes over nearly all of first republic s assets. the government says all depositors are protected and that the 92 billion in first republic deposits are safe. their failure i ....
i m karishma vaswani. we begin with the banking turmoil in the us. shares of several regional banks have closed in the red on monday. it signals concern about the health of the sector, following the collapse of first republic and its acquisition byjp morgan chase. the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. i think there is a real risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium sized ....
to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. earlier, i spoke to oreana financial s chief global investment officer, isaac poole, who told me the turmoil will not end with the collapse of first republic. i think there is a real risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium sized banks, really exposed to higher interest rates. we are going to see another interest hike from the fed which might add extra pressure on depositors and so forth. as we look out, there is a real risk that initially what was a bank specific problem becomes a wider problem for the ....
paul waugh, chief political commentatorfor the i paper, and the former spokesperson for the republican national committee, doug heye. the white house has advised all us citizens residing or travelling in russia to leave immediately following the arrest of a journalist for the wall streetjournal on spying charges. evan gershkovich has been remanded in custody for two months after being detained by russia s domestic security service, the fsb. it says the journalist was acting on us instructions and that he had collected information constituting a state secret about the activities of a russian defence enterprise . the wall streetjournal denies this. the n60 reporters without borders says that evan gershkovich was investigating the wagner military company , that s the russian mercenary group fighting in ukraine, saying this seems to be a retaliation measure. we ve heard from the kremlin, too. translation: this is - the prerogative of the fsb. you already had a statement about ....