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CNNW Early July 6, 2024

the united states and around the world, i m christine romans. we begin with breaking news on what s now the second biggest bank failure in u.s. history. most of first republic bank is now being bought by jpmorgan chase in a deal arranged by the federal deposit insurance corporation. the fdic. cnn s clare sebastian live in london for us. clare, this deal announced just a short time ago. all weekend, we ve been waiting for word what would happen to first republic. we knew it couldn t continue as a concern here. fdic would have to step in. and you went to bed thinkiing first republic is your bank, it s now jpmorgan chase, right? yeah, christine, all 84 branches of first republic will reopen this morning as branches of jpmorgan. this is different than silicon valley bank which was taken by regulators and stayed there for more than two weeks. this happenmuch more quickly over the weekend with that auction held on sunday. several banks bid it. it seems they reached that dea ....

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CNN Early Start With Christine Romans June 4, 2024 09:18:00

Report. the first one that there really isn t a good analytic system tat the regulatory level that will look at outside indicators of risk. not just the internal risks to a bank. you know do you have delinquent mortgages and things like that. you know, that s the traditional way lawyers examine banks. and the second is, you know, pretty much everything in that report, we ve known and we ve known for a long time. i think i, like a lot of other people, are looking to see will the regulators actually do something about it. sultan, so nice to see you. thanks for getting up early for us. big weekend. good to see you. quick hits across america. the national weather service confirming a tornado hit virginia beach on sunday. damaging as many as 100 homes. and officials say there were no injuries. although the utility companies had to respond to gas leaks in those homes. el paso, texas, is bracing ....

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