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Transcripts For CNNW Early 20240706

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 deal with

Government urges public sector banks to expedite target achievement for current fiscal

Govt urges public sector banks to expedite target achievement for current fiscal under financial inclusion schemes

The government on Thursday urged public sector banks (PSBs) to achieve the targets allocated to them under the various financial inclusion schemes for the current fiscal at the earliest.In a review meeting undertaken by Banking Secretary Vivek .

Welcome To IANS Live - NATION - Govt urges public sector banks to expedite target achievement for current fiscal under financial inclusion schemes

Welcome To IANS Live - NATION - Govt urges public sector banks to expedite target achievement for current fiscal under financial inclusion schemes
ianslive.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ianslive.in Daily Mail and Mail on Sunday newspapers.

Transcripts for CNN Early Start With Christine Romans 20240604 09:17:00

i m wondering about, you know, the thing that has changed for the banks over the past year are higher interest rates, you know, zero percent to around 5%. yeah. that is a big, big change for their, you know, operating environment. and the fed is going to meet again this week and they re expecting another 25 basis point rate hike. does the weakness in the banking secretary give the fed more pause? you know, you re not the only one asking that. a lot of people wondering when are we there. i would be surprised to see the fed fundamentally alter course for overall economy because of one issue in the banking sector. yeah, we got sort of the postmortem to the fed about silicon valley bank. it wasn t favorable to management of that bank but also to regulators. regulators failed to appreciate just what was happening, didn t they? yeah. that s absolutely right. you know, i think sigh really read two things out of that

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