wilson garcia says that by the time law enforcement here was able to get to this scene in this area, the rampage was over, and five people were dead, jim. well, and also, the suspect gone, right? that response time could be key as we go ahead. ed lavandera there in cleveland, texas. in an effort to boost confidence in the u.s. banking system, federal regulators stepped in overnight to seize control of first republic bank and it is assets. regulators then immediately sold it to the nation s largest bank, jpmorgan chase. president biden saying this morning s moves should calm fears. these actions are going to make sure that the banking is safe and sound, and that includes protecting small businesses across the country who need to make payroll for workers and their small businesses. let me be very clear. while depositors are being protected, shareholders are losing their investments.
100-foot-long blimp captured in northwest china. experts describing it as a submarine of the skies. we re following these major developing stories and many more, all coming in right here to cnn news central. a source tells cnn that the target of a massive manhunt this hour was deported at least four times from the united states. francisco oropesa, wanted for allegedly gunning down five of his neighbors this friday night after complaints he was making too much noise, firing his rifle outside in his yard. first time oropesa was deported was in 2009. his current immigration status, not clear. what is clear, the suffering he s allegedly left behind in cleveland, texas. survivor of the mass killing lost both his wife and his 9-year-old son. local sheriff called the scene inside their home horrific,
critically, taxpayers are not the ones that are on the hook. first republic s collapse is nothing short of historic. it is the second largest bank failure in u.s. history. it s the largest since the 2008 financial crisis, and it is the third u.s. bank to fail since march. we have cnn business and politics correspondent vanessa, who is joining us now to talk about all this. explain to us how things unfolded overnight and why this happened now. reporter: here in new york city, this first republic bank behind me, it s business as usual, just with a new name and that s what ceo jamie dimon expects going forward. yesterday, the fdic held an auction where banks could bid on first republic. the deadline was 4:00 p.m. clearly, jpmorgan was the winner and overnight, about 800 jpmorgan employees worked on
our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might ve taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let s pretend for a second that you didn t let down your entire family. what would that reality look like? well i guess i would ve gotten us xfinity. and we d have a better view. do you need mulch? what, we have a ton of mulch.
15,000 migrants who are in our sister city in mexico who are waiting to come to the united states, and a lot of misinformation with social media, the internet, is causing a lot more frustration and confusion for migrants. they think it s an open border, but we recognize it s not, and residents need more reassurances that the congress and senate really need to come up with immigration reform that s going to benefit migrants, asylum seekers, including residents that live along the border. and tragically, again, for migrants and residents, there does not appear to be major momentum on capitol hill to make lasting immigration reform. i do want to get specific about some of the resources that you need. i know that you have several middle schools that have been vacated that you re using that potentially your convention center is going to be used to house migrants. what do you need most right now? well, we ve made three requests to the state of texas. we certainly are in desperate need of