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NPR News Now

NPR News: 05-01-2023 6PM EDT

NPR News Now

NPR

Daily News, News

4.214.3K Ratings

🗓️ 1 May 2023

⏱️ 5 minutes

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Summary

NPR News: 05-01-2023 6PM EDT

Transcript

Click on a timestamp to play from that location

0:00.0

Live from NPR News in Washington, I'm Jack Spear.

0:05.7

Another US bank has failed the third in two months, regulators closed first Republic

0:11.4

Bank than his NPR's David Gurra reports.

0:14.0

JP Morgan Chase moved into biopits deposits and most of its assets.

0:18.4

This part of the crisis is over.

0:20.8

That's what JP Morgan Chase CEO Jamie Dimon told Wall Street analysts on a call after

0:25.5

JP Morgan bought first Republic Bank overnight.

0:28.9

This collapse played out over several weeks after Silicon Valley Bank and signature bank

0:33.6

failed.

0:34.9

First Republic's efforts to reassure customers and investors didn't work.

0:39.1

And in the end, first Republic couldn't find a buyer on its own.

0:43.5

Customers withdrew more than $100 billion in deposits and first Republic's stock sank.

0:49.0

Today, JP Morgan shares traded higher.

0:52.2

David Gurra and PR News, New York.

0:54.7

Joe No Progress in the search for a man accused of killing five of his neighbors over the

0:58.9

weekend near Houston.

1:00.6

The shooting happened after the neighbors asked the man to stop firing his AR-15 outside

1:05.7

Houston Public Media's Jack Williams is more.

1:07.8

38-year-old Francisco Orrepeza has been on the run since investigators say he gunned

1:13.0

down four adults at a nine-year-old boy late Friday night in Cleveland, Texas, about 45

1:18.5

miles from Houston.

1:20.0

Authorities spent part of the weekend going door to door looking for Orrepeza.

...

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