Jamie Dimon’s big win
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 2 May 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Chinese initial public offerings have raised more than five times as much money as those in the US this year, and Germany’s lawmakers are set to pass immigration reforms to address a worsening skills shortage. Plus, the FT’s Brooke Masters unpacks the deal for First Republic and what’s in it for JPMorgan.
Mentioned in this podcast:
China dominates global IPO market as Wall Street fails to rebound
JPMorgan to acquire First Republic’s deposits as US regulators step in
Germany looks to immigration reform to arrest worsening skills shortage
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk. |
| 0:09.7 | Good morning from the Financial Times. |
| 0:11.2 | Today is Tuesday, May 2nd, and this is your FT News Briefing. |
| 0:18.4 | China is leading the world in IPOs, and Germany wants more immigrants. |
| 0:24.0 | Plus, we'll talk about what GP Morgan gets out of its rescue purchase of First Republic. |
| 0:29.5 | Well, first of all, I think Jimmy Diamond gets to be the hero. |
| 0:31.9 | I mean, he likes to be the hero. |
| 0:32.9 | He thinks of himself as the Dean of Banking. |
| 0:35.7 | There is more to it than just that, I promise. |
| 0:38.6 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:51.3 | Initial public offerings have dwindled in the US and Europe. |
| 0:54.7 | Companies are holding off with all this economic and financial uncertainty. |
| 0:59.1 | In China, though, it's a very different story. |
| 1:02.0 | Pandemic restrictions are over. |
| 1:03.6 | There are new streamlined rules for listings in Shanghai and Chenzhen. |
| 1:08.1 | And so far this year, Chinese IPOs have raised five times as much money as IPOs in the US. |
| 1:14.8 | Chinese companies have raised about $20 billion in new stock market listings, |
| 1:19.1 | according to Deologic, that's more than half of all the funds raised by IPOs around the world. |
| 1:29.2 | The fate of First Republic has been decided. |
| 1:32.8 | The struggling lender will be swallowed up by America's biggest bank, |
| 1:36.2 | JP Morgan Chase. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.