FOXNEWSW Your July 6, 2024
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 th...