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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 that i m at, folks were coming in and out, checking their accounts. the president said he feels like the banking system is going to be okay. listen to this. regulators have taken action to facilitate the sale of first republic bank and ensure that all depositors are protected and the taxpayers are not on the hook. these actions are going to make sure that the banking system is safe and sounds ....
according to the reports that we re hearing. it s unbelievable. these are the five victims. they include sonya guzman and her boy, daniel. 9 years old. watch. this poor man. that is wilson garcia. he s been the most unimaginable ordeal. there he is sobbing at a service that was held in memory of these individuals. he lost his wife and his son, daniel. he went out the window. it s an extraordinary story. casey stegall joins us now live from dallas as this man hunt in tax really heats up this afternoon. hi there hi, martha. so sad that texas father says he s trying to be strong for his surviving daughter after his loyal by, daniel and his 25-year-old wife, sonya, were both killed in friday night s attack with three other family friends that were at the home north of houston for a church retreat. that is when eye witnesses say the neighbor next door appeared with an ar-15 and opened fire. that s when the suspect shot at me. he shot at me five times. when he didn t ca ....
Year for all of us. thanks, gerri. josh shapiro is somebody to watch. that s the story for may 1. hopefully we ll get sunshine now. 2023. we head into the spring. we ll see candidates jumping in the ring soon, too, as karl said. stick around. your world starts now. have a great afternoon. neil: ladies and gentlemen, may we present to you bank rescue number 4. j.p. morgan chase taking control of first republic. it is the latest bank takeover. some suspect it won t be the last. i m neil cavuto. thanks my colleagues and friends, sonda smith and charles payne doing a great job in my absence which motivated me to return fast and to cover this story. yet another big bank failure. this one so far with a happy ending. a fed sponsored rescuer. ....
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