The failure of the First Republic Bank was shaken by the “earthquake” of the SVB failure

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After the second largest bank failure in US history, First Republic Bank was sold to JP Morgan. CNBC’s Dominic Chu, NBC’s White House Correspondent Monica Alba, and Wall Street Journal’s chief economics correspondent Nick Timeraus join Andrea Mitchell to respond. “We had an earthquake when the Silicon Valley bank failed in mid-March, and earthquakes can destabilize other buildings, they can weaken other buildings around the epicenter, and that’s what happened here,” says Timiraos. “When they reported earnings last week, and indicated how much money was being thrown out the door, after the SVB fiasco, people started saying ‘Wait a minute, is this bank really capable? May 1, 2023

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Tacopina’s False Motion in E. Jean Carroll Lawsuit Is Part of “Laying the Groundwork for Appeal” 03:01

Richard Engel: The French government “shows no signs of backing down” against the protests 02:56

Now play

Nick Timeraus: First Jumhouria Bank failure shaken by ‘earthquake’ from SVB failure 07:25

the next

Andrea Mitchell Celebrates Kelly O’Donnell, Honored at Washington Women in Journalism Awards 00:51

Yamis Alcindor: White House strategy to ‘display the vice president more prominently’ to boost ticket 07:10

Andrea Mitchell Celebrates Kelly O’Donnell, Honored at Washington Women in Journalism Awards 00:51

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