7AM ET 04/29/2023 Newscast
Fox News Hourly Update
FOX News Podcasts
3.9 • 5.8K Ratings
🗓️ 29 April 2023
⏱️ 4 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | another shaky bank. I'm Paul |
| 0:04.0 | Stevens Fox News. The US |
| 0:06.0 | government reportedly asking |
| 0:08.0 | JP Morgan Chase and PNC for |
| 0:10.0 | their final bids for first |
| 0:12.0 | Republic Bank, which is nearing |
| 0:14.0 | collapse. The Fed also reflecting |
| 0:16.0 | back on the failure of Silicon |
| 0:18.0 | Valley. The report from the |
| 0:20.0 | Federal Reserve's chief |
| 0:22.0 | regulator was released Friday |
| 0:24.0 | saying Silicon Valley Bank failed |
| 0:26.0 | because it was poorly managed |
| 0:28.0 | to be in the federal reserve |
| 0:30.0 | staffers. The report says Fed |
| 0:32.0 | workers were slow to recognize |
| 0:34.0 | the bank had an increasing |
| 0:36.0 | amount of uninsured deposits |
| 0:38.0 | and didn't press the bank's |
| 0:40.0 | management on dealing with that. |
| 0:42.0 | The report also mentions Congress |
| 0:44.0 | and the Fed had ease regulations |
... |
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