Big banks agree on $30B plan to rescue regional bank
The Lead with Jake Tapper
CNN
3.5 • 1.7K Ratings
🗓️ 16 March 2023
⏱️ 81 minutes
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| 0:00.0 | Is $30 billion the answer? |
| 0:05.4 | The lead starts right now. |
| 0:08.1 | Another troubled, regional bank is about to get rescued. |
| 0:11.4 | This time the big banks are stepping in and they're bringing cash. |
| 0:14.8 | Lots of it. |
| 0:16.0 | But will it be enough to ease market fears? |
| 0:18.7 | Then, the terrifying reality about women's health care in America, the number of expect-expectant |
| 0:24.8 | moms, dying from complications in pregnancy and during childhood, that number is soaring |
| 0:31.7 | and some groups are hit worse than others. |
| 0:33.8 | Plus, coming soon to a Florida beach near you, a 5,000 mile wide blob of seaweed and, frankly, |
| 0:40.5 | guys, it stinks. |
| 0:47.2 | Welcome to the lead-unject tap and we start today with our money lead in a $30 billion |
| 0:51.8 | with a B dollar rescue plan. |
| 0:53.6 | Moments ago, America's largest banks announced that they are indeed going to step in to try |
| 0:58.2 | and prevent what could lead to a domino effect that theoretically would wreck the economy. |
| 1:03.2 | The group of banks, including JP Morgan Chase, the Bank of America, Wells Fargo and Citigroup, |
| 1:08.1 | they are all going to provide a $30 billion rescue for San Francisco-based First Republic |
| 1:14.0 | bank. |
| 1:15.0 | First Republic saw its stock plummet. |
| 1:17.3 | After two other banks failed over the weekend and Moody's downgraded its outlook for the |
| 1:21.6 | entire banking industry, stocks rebounded today over the rescue news, the Dow closing |
| 1:27.6 | up 373 points signaling that experts are, at least for now, breathing a sigh of relief |
... |
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