First Republic collapse shakes confidence in banks

Name: First Republic collapse shakes confidence in banks
Uploaded: 2023-05-02T12:38:18Z
Duration: 6 min 38 s
Description: First Republic Bank became the second-largest bank in American history to fail on Monday, with J.P. Morgan Chase rescuing the institution in a government-orchestrated deal. But after SVB’s high-profile collapse earlier this year, confidence in America’s banks is shaken. Jim talks with financial expert Ryan Stewman on #TheFinal5 on what you should know.

First Republic Bank became the second-largest bank in American history to fail on Monday, with J.P. Morgan Chase rescuing the institution in a government-orchestrated deal. But after SVB’s high-profile collapse earlier this year, confidence in America’s banks is shaken. Jim talks with financial expert Ryan Stewman on #TheFinal5 on what you should know.

By Jim Lokay

Posted May 2, 2023 8:38am EDT