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BBCNEWS BBC News June 4, 2024 18:40:00

You didn t have to worry anyway. but if you had more than $250,000 in deposit, as of now, you have that deposit withjp morgan chase, the largest bank in america. first republic was known for having a big mortgage lending business and a large stable of wealthy clients. as interest rates soared, it was forced to borrow at higher rates and was always seen as vulnerable. it s the third mid sized us bank to collapse this year, following the failure of silicon valley bank and new york based signature bank. now, there have been fears this is the start of another financial crisis. if we look back at 2008, yes, it started with one bank, northern rock, but quickly spread to lots of others. the issue was weak rules around mortgage lending and pretty ....

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BBCNEWS BBC News June 4, 2024 14:41:00

He is our business correspondent. here. investors and customers have been deserting first republic bank. in two months its shares have tanked from $147 each to just $3.50 and $100 billion of deposits have been withdrawn. when confidence goes, money tends to follow. the us banking regulator has broken a multibillion dollar rescue deal. the investment banking giantjp morgan chase will take on all 84 branches and all deposits will be guaranteed by the us government. if you were a first republic depositor, you can breathe a big sigh of relief today. if you are under 250,000, the us guarantee level, you didn t have to worry anyway. but if you had more than $250,000 in deposit, as of now, you have that deposit with jp morgan chase, the largest bank in america. first republic was known for having a big mortgage lending business and a large stable ....

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CNN History of the Sitcom June 4, 2024 06:44:00

With the family sitcom. some sitcoms were very edgy like roseann and married with children, on the other hand you had shows going back to a more wholesome storytelling. you see that on home improvement. what home improvement did was made a stable and loving family. no running in the house. cover the ball with both hands. i also wanted to find out what made man tick. tim the tall man taylor is a local celebrity with his own home improvement show. what do we need? more power. my moniker my whole life, ....

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MSNBC Inside With Jen Psaki June 4, 2024 16:02:00

Released on tuesday. in it, the president reiterated his commitment to protecting personal freedoms from voting rights to abortion rights, to civil rights, big issues in this campaign. he also hosted a state dinner wednesday night where the highlight was the south korean president singing american pie. how american is that? and last, night present biden joins hundreds of people in a hotel ballroom to make jokes that only a washington crowd would laugh at. in other words, all of this was pretty normal fodder for an episode of the west wing. and that is intentional on there and. their strategies is to present a stable in command president. doing things that presidents do. contrast that with the headlines about the most likely republican nominee, donald trump. just this week, carol testified in a manhattan courthouse, alleging that the former president raped her. while campaigning in new hampshire this week, trump literally embraced a january 6th defendant who later said ....

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