First Republic Bank's $30bn Rescue, French Pension Reform, Virginia Hospital Death
Up First from NPR
NPR
4.6 • 59K Ratings
🗓️ 17 March 2023
⏱️ 13 minutes
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| 0:00.0 | The nation's big banks don't want to see another bank go under, so they sent $30 billion |
| 0:07.5 | to first republic. |
| 0:08.5 | What we have right now in the banking industry is a crisis of confidence. |
| 0:12.5 | How did banks plan to restore it? |
| 0:14.0 | I'm Sasha Fifer, that's Stevens Keep and this is up first from NPR News. |
| 0:21.2 | France's president went around Parliament to raise the retirement age and lawmakers |
| 0:25.3 | saying the national anthem and protest. |
| 0:31.8 | But can opponents do more than just sing? |
| 0:33.7 | Also, why did Sheriff's deputies respond as they did to a mentally ill man? |
| 0:38.8 | My son was touch-hug. |
| 0:41.3 | Authorities in Richmond, Virginia charged seven deputies and three hospital workers with |
| 0:46.1 | murder. |
| 0:47.1 | Stay with us, we've got the news you need to start your day. |
| 0:55.5 | Some of this country's biggest banks are sending money to a bank in trouble. |
| 1:05.9 | First republic bank is headquartered in San Francisco. |
| 1:08.6 | That's not far from the headquarters of Silicon Valley bank, which failed a week ago. |
| 1:12.8 | And although first republic appears healthier, it's been facing some of the same pressures |
| 1:16.8 | and a lot of anxiety, so other banks passed the hat. |
| 1:20.4 | And it's a fairly large hat, $30 billion. |
| 1:23.1 | NPR's David Gurra joins us now, David Good Morning. |
| 1:25.3 | Good morning, Steve. |
| 1:26.3 | How did their fellow bankers come to rescue first republic? |
... |
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