WSJ What’s News

First Republic Bank Is Seized and Sold to JPMorgan

05.01.2023 - By The Wall Street JournalPlay

Download our free app to listen on your phone

Download on the App StoreGet it on Google Play

A.M. Edition for May 1. U.S. regulators have seized First Republic Bank and struck a deal to sell the bulk of the lender’s operations to JPMorgan. The Journal’s Quentin Webb breaks down the second-largest bank failure in U.S. history and whether more banking turmoil is to come. Plus, the air comes out of the U.S. Dollar. And President Biden calls for the release of jailed WSJ journalist Evan Gershkovich. Luke Vargas hosts.

Learn more about your ad choices. Visit megaphone.fm/adchoices

More episodes from WSJ What’s News