JP Morgan Chase to take over failed US bank
Global News Podcast
BBC
4.3 • 8.3K Ratings
🗓️ 1 May 2023
⏱️ 34 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | This is the Global News Podcast from the BBC World Service. |
| 0:04.7 | I'm Garas Barlow, I'm at 14 hours GMT or Monday the first of me. |
| 0:08.7 | These are our main stories. |
| 0:10.7 | Another bank in the US goes bust. |
| 0:12.8 | We'll look at the collapse of First Republic Bank. |
| 0:15.7 | We join a Saudi warship as it crosses the Red Sea |
| 0:18.9 | and hear from those on board who have fled the fighting in Sudan. |
| 0:22.4 | And hear how artificial intelligence is being used |
| 0:25.1 | to help detect early-stage lung cancer. |
| 0:27.7 | Also in the podcast, you can change what you wear, |
| 0:32.9 | but you are still a terrorist. |
| 0:35.8 | Don't forget the $10 million reward on your head. |
| 0:39.5 | The story of the charm offensive by a Syrian jihadist leader |
| 0:42.9 | who fails to impress the Americans. |
| 0:47.9 | We start this podcast in the United States, where the financial system has |
| 0:51.8 | suffered another big shock. |
| 0:53.7 | First Republic has become the third major bank to collapse in the last two months. |
| 0:58.2 | It had been brought to the brink by a run on deposits when its customers |
| 1:01.6 | withdrew $100 billion in March alone. |
| 1:05.1 | Now, after much negotiations, the US financial regulator |
| 1:08.5 | has announced that it's agreed a deal with another bank, |
| 1:10.9 | the giant JP Morgan Chase, to take over all the deposits |
... |
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