Podcasts about First Republic

Leren van de geschiedenis? Niet als het aan Donald Trump ligt. In zijn vorige termijn versoepelde hij de regels voor de bankensector, met als gevolg dat een paar jaar later banken omvielen. Toch wil hij zijn ideeën doorzetten. Trump onderzoekt of de belangrijkste toezichthouders samengevoegd of zelfs opgedoekt kunnen worden. Je hoort in deze aflevering wat de gevolgen van Trumps bezuinigingsplannen kunnen zijn. En dan hebben we het ook over zijn maatje, zijn alles, zijn partner in crime: Elon Musk. Die kreeg een boze brief op de deurmat. De beurswaakhond is niet blij met de manier waarop hij zijn belang in Twitter bemachtigde, en eist van Musk dat hij binnen twee dagen akkoord gaat met een schikking. Musk zijn reactie? De brief online zetten en het bestempelen als intimidatie. We vertellen je ook over het nieuwste vooruitzicht van De Nederlandsche Bank. Die waarschuwt dat de inflatie hier in Nederland nog jarenlang te hoog blijft. En we blikken terug op de week waarin de nieuwe topman van de AEX de Nederlandse bedrijven wakker probeerde te schudden. Hij vindt dat veel meer Nederlandse parels naar zijn Damrak moeten trekken. See omnystudio.com/listener for privacy information.

Leren van de geschiedenis? Niet als het aan Donald Trump ligt. In zijn vorige termijn versoepelde hij de regels voor de bankensector, met als gevolg dat een paar jaar later banken omvielen. Toch wil hij zijn ideeën doorzetten. Trump onderzoekt of de belangrijkste toezichthouders samengevoegd of zelfs opgedoekt kunnen worden. Je hoort in deze aflevering wat de gevolgen van Trumps bezuinigingsplannen kunnen zijn. En dan hebben we het ook over zijn maatje, zijn alles, zijn partner in crime: Elon Musk. Die kreeg een boze brief op de deurmat. De beurswaakhond is niet blij met de manier waarop hij zijn belang in Twitter bemachtigde, en eist van Musk dat hij binnen twee dagen akkoord gaat met een schikking. Musk zijn reactie? De brief online zetten en het bestempelen als intimidatie. We vertellen je ook over het nieuwste vooruitzicht van De Nederlandsche Bank. Die waarschuwt dat de inflatie hier in Nederland nog jarenlang te hoog blijft. En we blikken terug op de week waarin de nieuwe topman van de AEX de Nederlandse bedrijven wakker probeerde te schudden. Hij vindt dat veel meer Nederlandse parels naar zijn Damrak moeten trekken. See omnystudio.com/listener for privacy information.

John Palmer delves into his extensive career in banking, and highlights the golden opportunity that lies in small and mid-sized banks. He highlights trends like consolidation, regulatory evolution, and technological advancements. Looking ahead, he is optimistic about the banking sector's recovery cycle and its capacity for sustained growth, even amid challenges like commercial real estate pressures and emerging fintech innovations.  Today we discuss... John Palmer shared his extensive experience in the banking industry, including his career start at KPMG and his transition to founding a banking-focused investment fund in 1996. How the banking industry has undergone massive consolidation since the 1990s driven largely by efficiency and cost-saving opportunities. Key trends like stricter regulations, higher capital requirements, improved loan underwriting, and the transformative impact of technology on banking operations. The causes of the recent crises at Silicon Valley Bank, Signature Bank, and First Republic, emphasizing asset-liability mismanagement during rapid rate hikes. Blockchain technology acknowledged as a potential long-term asset for banks and skepticism about the role of cryptocurrency in traditional banking. The current banking stock cycle entering an upward phase, with profitability projected to grow steadily through 2026. Bank earnings and stock performance are rising, driven by factors like margin expansion and easing deposit costs. Banks with $1-$10 billion in assets are attractive targets for M&A due to cost savings and growth opportunities. Major banks are expanding branch networks in rural areas, targeting low-cost deposits, while smaller banks focus more on digital channels. The Midwest and Mideast regions show the most M&A activity, though the Southeast and California are also of interest. Investments focus on public banks with shareholder lists amenable to proxy support for structural changes. Banking regulation relief under a new administration could lower compliance costs and ease capital requirements. A normalized yield curve is boosting loan repricing and margins, contributing to earnings growth. Bank valuations remain attractive compared to broader markets, with banking stocks trading at significant discounts to earnings. For more information, visit the show notes at https://moneytreepodcast.com/golden-opportunity-john-palmer-666  Today's Panelists: Kirk Chisholm | Innovative Wealth Phil Weiss | Apprise Wealth Management   Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter/X: https://x.com/MTIPodcast  

On this episode of The Breakaway, goalkeeper Jared Mazzola joins to talk his first season at the club, the various big personalities on the team, and has plenty of questions for Connor Sutton.

Plus: Morgan Stanley agrees to pay $2 million to settle an investigation into trades by First Republic's then-executive chairman before his bank collapsed. The Eurozone economy grew less rapidly in the second quarter than previously estimated. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

0:24 Q3 2024 5x Categories Chase Freedom: Gas (and other stuff) Discover: Grocery Stores, Walmart (For the first time in FOREVER!!!) Citi Dividend: Gas Why do banks have these cards? To move our spending onto these cards long after the quarter ends. 04:05 Transfer Bonuses Citi -> Cathay Pacific 15% (7/20) Chase -> Aeroplan 20% (7/31) If the space is there and these miles will be used, great to get a discount. Probably not worth speculatively transferring. 08:33 New DeltaOne Premium Lounges Coming in 2024 (OMAAT) JFK: June LAX: Late 2024 BOS: Late 2024 (adjacent to already-open 3rd SkyClub in BOS, in International Terminal E) 13:26 Staggering Decline in Usefulness of giftcards.com Visa/MC GC At one point these were a fantastic way to earn miles and even hit sign up bonuses Recall buying Amex GC and then flipping those to GC.com.  Now what can we do with these? There's certainly a draw with 5-10% off sales. But those are usually small dollar cards  Scale vs spread None of this really matters because there's nowhere these cards even work  19:34 Checking Account with Free ATM Withdrawals Worldwide? First Republic had this for $15k Chase requires $75k min balance Sapphire checking to avoid fees The louses at Chase deactivated First Republic debit cards before the Chase cards arrived. Gah! Do they have the same PIN? I think so? But I go to the ATM infrequently in the US so I'm not sure. Am I over-thinking it? Just pay the fees? Well, it's not just the ATM fee, there's a “foreign exchange rate adjustment fee” that's a percentage (usually around 3%) of the amount withdrawn on top of the ATM fee: “Surcharge Fees from the ATM owner/network still apply. A Foreign Exchange Rate Adjustment Fee from Chase may apply for ATM withdrawals in a currency other than U.S. dollars.” When presented with the question of whether you want to be charged in foreign or USD choose the local currency if your bank here has no Foreign Transaction fees. (Say no to Dynamic Currency Conversion). Example: But the real scary thing is where the ATM you're withdrawing from tacks on a dynamic currency conversion fee, they don't disclose the percentage, the ATM interface makes it confusing to figure out what's going on, and you end up paying what is or feels like a lot more than you should to take money out of an ATM. I really just like to be able to withdraw a reasonable amount of foreign currency as I go without worrying about fees adding up. Schwab Checking has free international ATM withdrawals with no minimum balance Schwab debit card was expired (never used), I don't know what the PIN is, and their phone tree sends me in circles. Thought to go in branch but is there no such thing as a Schwab checking branch? Chatted, guy told me I “may have to speak with Schwab Checking. I thought I was chatting with Schwab Checking!? Maybe Volcker doesn't get the credit he deserves Update as Robert is leaving to Japan and will be using this debit card. 36:48 International Data for Cellphones. Current Status Being connected is pretty much a necessity at this point There are multiple ways to handle this, and with multiple price points and [potential] gotchas How to handle this is also a factor of your current provider, plan, phone and where you're traveling Example: In Mexico many plans ‘just work' as if you're home. How do we each play this when we're outside the country and what pros/cons do these methods have?  Sam: Complicated, but I want data, and really only want data.  I've had a setup for a decade plus that decouples my phone number from a cell provider (think: wifi calling but over mobile data).  That's nice because I can do everything I want/need with my local number with just a data bucket. E-SIM has changed the world (literally). Gone are the days of visiting a kiosk in the airport (rip off!) or scouring the prepaid-data wiki for tips on buying and activating plans.  I've had some wild stories of activating prepaid SIM cards overseas.  ESIM changes all of that.  Basics: Your phone can hold a physical SIM card, or a digital one. Because these are digital now you have providers (Airalo, Dent, Saily, etc) that sell service in other countries (data only usually) for cheap with customer support and easy one or two click install.  Pros: Really cost effective for data hogs: I did this last summer in Japan: $10 per person for 2 weeks worth of data (5-10gb). We hotspotted for the kids who's phones don't support esim.  Norway I'll do the same, it is about $11 for 5gb there.  Some providers have region passes, which are nice and include a bucket of countries like “Eastern Europe” or “South Asia” for hopping around.  Negatives: Your phone number and text messages for your current provider probably won't come through unless you can figure out how to turn on wifi calling and hotspot. I'm not an iphone user so I defer to mostly the ways that android handles these things.  I do believe imessage will continue to work over data, but can't confirm firsthand.  Another negative is that you can have issues with the install, and if you bungle it and somehow delete your main SIM card you could have service interruptions when you come home and switch back.  Zero roaming or other charges because you ‘turn off' your home service completely.  Robert: I enable the AT&T International Day Pass. $12/day for the primary, $6/day for each additional line on the same plan. “Only pay for the days you use, no extra charge after 10 days per line, per bill”

Join Matt and Konch on the Dakota Fundraising News Podcast as they delve into recent job changes, M&A activity, and institutional investment updates. This episode covers career moves, such as Ahmad Khan's appointment at the Missouri State Employees' Retirement System and Ross Breman's new role at Fidelity Investments. Explore Lido Advisors' acquisition of Shore Morgan Young Wealth Strategies, the launch of Highway One Capital by former First Republic advisors, and UBS's addition of The BlueWater Group from Morgan Stanley. Our institutional coverage examines investment searches and commitments, including the Massachusetts Housing Finance Agency Retirement System's private equity search and Watertown Retirement System's hunt for high yield bond managers. We also spotlight recent investment commitments by the Wyoming State Loan and Investment Board and the Ireland Strategic Investment Fund in various asset classes. Additionally, KdT Ventures' launch of Fund IV showcases ongoing innovation in scientific and genetic research investment. Tune in for a comprehensive analysis of these developments and their impact on the financial landscape. For more details, visit Dakota Marketplace online.

Unlike Ramp or Brex, Mercury started with the account and built the ultimate dashboard for early-stage and growth companies.Immad is the founder's founder, serial entrepreneur, and angel investor, with over 300+ angel investments in his name (including Airtable, Substack, and Rappi).If anyone got the challenges growth companies have trying to operate a business while relying on traditional banking solutions, Immad is that founder.Where once startups could get an account, they had to pick between a specialist bank with a poor digital experience (like Silicon Valley Bank or First Republic) or a large one-size-fits-nobody larger bank.  The choice was between the stability of a big bank or the expertise of a local specialist, and regardless of your choice, the digital user experience was horrendous.Mercury flipped the model and pioneered an entirely different Go To Market. Taking the best of what SVB and FRB did - like access to debt capital markets, VCs, and partners and helping balance that with more FDIC coverage and a single dashboard to manage and automate everything.Today Mercury is a BEAST. Recently announcing, 8 quarters of profitability with more money on the balance sheet than ever raised (>$163m), 200k customers and 640 staff.Despite some challenges like the banking crisis and now the BaaS crisis, Mercury continues shipping new products like financial workflows powered by the bank account and personal accounts for founders.So what makes Mercury special?And what's under the hood of one of Fintech's fastest-growing companies?Find out in this Fintech Brainfood Interview.

On today's show we are talking about one of our banks being forcibly closed and sold to another bank in Philadelphia in an FDIC auction this past week. The bank is known as Republic Bank and is legally named republic first bank, not be confused with the very similar sounding and much larger bank called First Republic which failed last year. Republic Bank was a local Philadelphia bank with about 20 branches in Pennsylvania and New Jersey. It relatively new having been founded in 1988. In 2008 the bank switched from being a purely commercial bank to include retail banking.  Our experience with Republic bank was a good one. They wrote construction and permanent loans on several of our buildings in Philadelphia.  --------- Host: Victor Menasce email: podcast@victorjm.com

In this riveting episode of Capitalist Investor, "Bank-a-Balooza: Earning Season Starts," hosts Tony and Luke delve deep into the financial sector's kickoff to earnings season. They discuss the mixed reviews and performance outcomes from major players like JP Morgan and Bank of America, and Luke shares insights on the effects of acquisitions on bank earnings. Tony brings attention to the condition of credit quality and the risks posed to regional banks with exposure to commercial real estate in the evolving work landscape. Plus, they're not shy about addressing the elephant in the room – executive stock sales, particularly by JP Morgan's Jamie Dimon, and what this might indicate. The duo also unpacks the potential regulatory changes on the horizon and how consumer behavior and job market fluctuations could impact financial institutions. Tune in to catch all their sharp analysis of the biggest stories affecting banks and your bottom line. For any questions or comments about the show, reach out at info@connect.com.1. The Kickoff of Earnings Season and Its Market ImplicationsEarnings season is a key period for investors as it provides insights into corporate performance and sector health. Host Tony expresses his enthusiasm for this time, understanding it acts as a catalyst for market movement. With the banking sector often leading the charge, how they report can set the tone for market expectations and investor sentiment.2. The Mixed Bag from Big Banks' Earnings ReportsThe episode dives into the recent earnings from major banks like JP Morgan and Bank of America. Luke notes they've had mixed reviews, with particular growth concerns in areas like investment banking. However, asset management showed strength in many reports. Despite some stocks selling off due to investor dissatisfaction, there remains an acknowledgment that credit quality has been generally robust, an optimism captured by PNC's anticipation of a 'soft landing'.3. The Banking Sector's M&A ActivityIn recent developments, First Republic's acquisition by JPMorgan was discussed as having an impact on earnings. The hosts highlight the ease with which large banks can acquire smaller, struggling entities like New York Community Bank, reinforcing consolidation trends in the industry. There's an underlying narrative that the "big are getting bigger," with more depositors trending towards these massive, more secure banks.4. The Stakes in Commercial Real Estate and Regional BankingTony discusses the concerns around commercial real estate within the banking sector, identifying it as a weak point, especially for regional banks that disproportionately bear such exposures. The change in office culture post-pandemic, with a shift towards remote work, poses serious questions about the future use and value of these properties.5. Executive Stock Moves and Economic OutlookAn intriguing point raised by Luke relates to the stock selling actions of Jamie Dimon, CEO of JPMorgan. Dimon's sale of a substantial chunk of his own stock raises eyebrows, with speculation surrounding the reasoning—whether for personal financial restructuring, such as tax considerations, or a potential lack of confidence in the near-term economic landscape. While the hosts admit uncertainty about the exact motivation, they conclude it is likely a mix of personal strategy and broader economic hedging.

Risk - happens fast! Costco Selling ALOT of Gold April 15th - Tax payment withdrawals Rates spike, oil moves lower PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - Risk Happens FAST - Costco Selling ALOT of Gold - April 15th - Tax payment withdrawals - Fewer students attending 2 0r 4-year college Market Update - Banks reporting - mixed results - Rates UP! - Earnings Season - Risk off - Missiles Flying --- WAR escalations concerning investors Rates - Rates spiked with all of the recent concern that the Fed will not be cutting rates so fast - Came on on the Iran retaliation worries - Spike Monday to 4.64% for the 10Yr - starting to get worrisome that could be technical move and disrupt markets Rates in Europe - European Central Bank President Christine Lagarde on Tuesday said the central bank remains on course to cut interest rates in the near term, subject to any major shocks. - "We just need to build a bit more confidence in this disinflationary process but if it moves according to our expectations, if we don't have a major shock in development, we are heading towards a moment where we have to moderate the restrictive monetary policy," Lagarde said. --- Also noted that she is very attentive to the price of oil HA! If you don't like the numbers... - The Bank of England on Friday announced a “once in a generation” overhaul of its inflation forecasting following a long-awaited review by former Federal Reserve Chair Ben Bernanke. - The review was initiated in response to criticism over shortcomings in the bank's recent policymaking. - It sets out 12 recommendations — including scrapping the bank's “fan chart” forecasting system — which BOE Governor Andrew Bailey said the bank was committed to implementing. Inflation Spots Sticker Shock And then at 1:30PM Tuesday - Fed Chairman Jerome Powell at Canadian forum says recent data shows lack of progress on returning to 2% inflation goal; says US economic performance has been quite strong. - Markets were not pleased - ---- Begs the question: - what is the point of this at a time with such global stress having these types of comments? ---- WSJ's Nick Timiraos says Fed Chairman Jerome Powell "dialed back" rate reduction expectations at Canadian forum amid new inflation uncertainty Safe-haven? - Bitcoin and other cryptos PLUNGE when Iran sent misses and drones - How is that digital gold or store of value? - Simply trades like a speculative risk asset and starting to hear that phrase quite a lot. - Tried to rally on Sunday when Iran said that is all they are doing- but sold off again Monday Earnings This Week -  Plenty of banks and financials (BAC, GS etc) also Netflix Thursday after the close - Proctor and Gamble on Friday - Problem is that they come right as risk elevated. Goldman Sachs Earnings - Goldman Sachs on Monday posted first-quarter profit and revenue that topped analysts' expectations, fueled by a surge in trading and investment banking revenue. - The bank said profit jumped 28% to $4.13 billion, or $11.58 per share, from the year earlier period, thanks to a rebound in capital markets activities - Goldman shares climbed more than 4% in the days trading Monday. JPM Earnings - The bank said first-quarter profit rose 6% to $13.42 billion, or $4.44 per share, from a year earlier, boosted by its takeover last year of First Republic during the regional banking crisis. - But in guidance for 2024, the bank said it expected net interest income of around $90 billion, which is essentially unchanged from its previous forecast. - That appeared to disappoint investors, some of whom expected JPMorgan to raise its guidance by $2 billion ...

Elaine Agather is Chairman of the Dallas Region for JPMorgan Chase & Co. She also serves as the Central Region Head and Managing Director of The Private Bank at J.P. Morgan. Elaine joined Chemical Bank of New York in 1979, working in London, San Francisco, and New York until she relocated to Dallas in 1984. After the 1986 merger of Chemical Bank and Texas Commerce Bank, Elaine was promoted to Chairman of Texas Commerce Bank in Fort Worth in 1992 and joined the Private Bank to manage client advisory groups across the state in 1997. In 1999, she was elected Chairman and CEO of Dallas. On this episode, Elaine and Chris discuss: - Working with Jamie Dimon - Wealth Management 101 - Bank runs, cyber threats, AI, and the state of Banking We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners.  https://www.thefortpod.com/survey Topics (00:00:00) - Intro (00:03:43) - Elaine's early career in banking (00:15:40) - Taking over an underperforming bank (00:18:46) - Elaine's rodeo career (00:28:11) - Working with Jamie Dimon (00:31:17) - Wealth Management (00:34:08) - How to transition wealth well (00:39:07) - The process of bringing in a generationally wealthy client (00:42:19) - The SVB & First Republic bank runs (00:45:04) - How to find an exceptional wealth manager (00:46:11) - Cyber threats, crypto & AI (00:48:40) - The state of banking (00:51:36) - DFW (00:55:03) - How do you know you've done a good job? (00:58:29) - Elaine's 8: Get over it Support our Sponsors Juniper Square: https://bit.ly/45yiYUqFort Capital: https://bit.ly/FortCapital Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Chris on Social Media: X: https://bit.ly/3BYIjcH LinkedIn: https://bit.ly/45gIkFd   Watch The Fort on YouTube: https://bit.ly/3oynxNX Visit our website: https://bit.ly/43SOvys Leave a review on Apple: https://bit.ly/45crFD0 Leave a review on Spotify: https://bit.ly/3Krl9jO  The FORT is produced by Johnny Podcasts

Former President of First Republic Private Wealth Management Bob Thornton talks about the fallout from the banking crisis and his new chapter building an RIA backed by private equity firm Summit Partners.

In this week's episode of Sit Down Startup, get to know Donald Muir, the creator and driving force behind Arc, a digital bank crafted for the tech-savvy crowd. As an experienced business leader with a keen desire for breakthroughs, Muir's interpretations of the explosion and teamwork in online banking post-SVB collapse (2:45) come from his hands-on experience of building Arc from scratch.Muir underlines the value of a dynamic digital bank that blends the personalized touch of a bank like First Republic with the fail-safe security and solidity of a mega-bank such as Goldman Sachs. He's a staunch advocate for cross-departmental cooperation and harmony (10:00) with an execution-focused mindset (20:42). Join host Adam O'Donnell for this latest episode.Thank you to this episode's partners EXEC and Sprinto!EXEC is an all-in-one benefits solution designed to empower the modern leader—with unparalleled travel and lifestyle benefits for individuals and organizations. Use promo code ZEN200 to save $200 off your EXEC annual membership access at joinexec.com.Ambitious cloud companies all over the world trust Sprinto to power their security compliance programs and sprint through security audits without breaking their stride. Startups can get up to 40% off their first year through our Sprinto Ignite program. Click here: https://sprinto.com/

We have a huge update on the collapsing Biden economy, our resident Bidenomics and Stock Market analyst Ross joins me once again for this quick and important broadcast. All signs are pointing south for a big-name American Bank, and it doesn't look good.    Highlights:  “Unemployment just made a new high. I think it's at 3.8%. And that's what the Fed wants. They want to hurt the economy just enough to bring inflation down without wrecking the whole thing. And that's a very delicate balance.” - Ross Givens “Silicon Valley and First Republic were likely just the first of many banks that will fail. And I think we are going to have another banking crisis like what we saw back in 2008.” - Ross Givens “Your deposits are secured by the full faith and credit of the United States treasury. But I wouldn't buy stock in any of these banks today. Some are fine, some aren't. Which ones are the good ones? I don't know. But I'm not in the business of playing Russian Roulette with my life savings.” - Ross Givens   Timestamps: [03:18] Are the Feds done or will they hike one more time [05:482] The big problems with our banks that the media is keeping quiet; the bad news for Charles Schwab [10:58] Are J.P. Morgan or Bank of America will have the same problem as Schwab [12:56] How you can keep up and be prepared for what might happen in our banking system Resources:  Don't miss Ross's upcoming free training on September 30th at 11 AM EST! Sign up and secure your spot HERE: https://turleytalksinsidertrading.com/registration/?tambid=18762 Learn how to protect your life savings from inflation and an irresponsible government, with Gold and Silver. Go to  https://www.gcjdjhs3e.com/source_id=TurleyTalks_digital_dollar=Podcast HE'LL BE BACK! Get your limited edition TRUMPINATOR 2024 Bobblehead HERE: https://offers.proudpatriots.com/ The Courageous Patriot Community is inviting YOU! Join the movement now and build the parallel economy at https://join.turleytalks.com/insiders-club=podcast   Thank you for taking the time to listen to this episode. If you enjoyed this episode, please subscribe and/or leave a review. Sick and tired of Big Tech, censorship, and endless propaganda? Join my Insiders Club with a FREE TRIAL today at: https://insidersclub.turleytalks.com Make sure to FOLLOW me on Twitter: https://twitter.com/DrTurleyTalks BOLDLY stand up for TRUTH in Turley Merch! Browse our new designs right now at: https://store.turleytalks.com/ Do you want to be a part of the podcast and be our sponsor? Click here to partner with us and defy liberal culture! If you would like to get lots of articles on conservative trends make sure to sign-up for the 'New Conservative Age Rising' Email Alerts.

Hal Hershfield discusses how to make–and stick with–better decisions to enrich your future self. — YOU'LL LEARN — 1) Why you should build a relationship with your future self. 2) How to motivate yourself to do the hard things now. 3) The key to creating lasting habits. Subscribe or visit AwesomeAtYourJob.com/ep882 for clickable versions of the links below. — ABOUT HAL — Hal Hershfield is a Professor of Marketing, Behavioral Decision Making, and Psychology at UCLA's Anderson School of Management and holds the UCLA Anderson Board of Advisors Term Chair in Management. His research, which sits at the intersection of psychology and economics, examines the ways we can improve our long-term decisions. He earned his PhD in psychology from Stanford University. Hershfield publishes in top academic journals and also contributes op-eds to the New York Times, Harvard Business Review, the Wall Street Journal, and other outlets. He consults with the Consumer Financial Protection Bureau, many financial services firms such as Fidelity, First Republic, Prudential, Morgan Stanley, Merrill Lynch, and Avantis, and marketing agencies such as Droga5. The recipient of numerous teaching awards, Hershfield was named one of “The 40 Most Outstanding B-School Profs Under 40 In The World” by business education website Poets & Quants. His book, Your Future Self: How to Make Tomorrow Better Today, will be published in June. • Book: Your Future Self: How to Make Tomorrow Better Today • LinkedIn: Hal Hershfield • Twitter: @HalHershfield • Website: HalHershfield.com — RESOURCES MENTIONED IN THE SHOW — • Study: “The End of History Illusion” by Jordi Quoidbach, Daniel T. Gilbert , AND Timothy D. Wilson • Book: A Visit from the Goon Squad by Jennifer Egan • Past episode: 090: Shocking Ways to Hack Your Habits with Maneesh Sethi • Past episode: 317: How to Form Habits the Smart Way with BJ Fogg, PhD • App: StickK See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Stress tests are one of the many tools the Federal Reserve has to regulate the financial system. So why didn't stress tests help prevent the bank failures of Silicon Valley, Signature and First Republic? Today, we explain how stress tests work and why the Fed is considering an overhaul.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Subscribe to The Realignment to access our exclusive Q&A episodes and support the show: https://realignment.supercast.com/.REALIGNMENT NEWSLETTER: https://therealignment.substack.com/PURCHASE BOOKS AT OUR BOOKSHOP: https://bookshop.org/shop/therealignmentEmail Us: realignmentpod@gmail.comFoundation for American Innovation: https://www.thefai.org/posts/lincoln-becomes-faiDirector Chopra's Anti-Monopoly Summit Remarks: https://www.consumerfinance.gov/about-us/newsroom/prepared-remarks-cfpb-director-rohit-chopra-2023-american-economic-liberties-project-anti-monopoly-summit/Rohit Chopra, Director of the Consumer Financial Protection Bureau and former FTC Commissioner, joins The Realignment. Director Chopra and Marshall discuss the history of America's anti-monopolist tradition, how new FTC Commissioners ended decades of governmental inaction in 2018, the need to aggressively enforce laws on the books, how anti-monopoly policy can create strange ideological alliances, and the lessons from the recent failures of Silicon Valley Bank, Signature Bank, and First Republic.

U.S. banks continue to face intense financial pressure, the failure of First Republic and Silicon Valley bank is being followed up by massive losses at PacWest and other regional banks. One of the factors causing the instability is exposure to commercial real estate holdings. In this extra episode of Morning Wire we speak to an expert in the banking and lending sector. Get the facts first on Morning Wire. Bartesian: Get FREE cocktails and FREE shipping with your Bartesian Text “WIRE” to 64000   

Felix Salmon, Emily Peck, and Elizabeth Spiers talk about the failure of First Republic Bank, the (maybe) end of interest rate hikes, and how the shopping app Temu is shaking up e-commerce. Also, a more humane approach to chickens. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our show every week. You'll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Patrick Fort. Learn more about your ad choices. Visit megaphone.fm/adchoices

On Monday, First Republic Bank folded before being sold by regulators to JPMorgan Chase. At the time, it was the 14th largest bank in the U.S. and it is the second-largest American bank by assets to ever collapse. The story of First Republic's fall is similar to that of Silicon Valley Bank and Signature before it – the value of the bank's assets began to plummet as the Fed raised interest rates to fight inflation, causing a crisis of confidence among investors and depositors. This is exactly the kind of situation that the economic historian Adam Tooze warned of when he came on the show in October of 2022. In that conversation, Tooze argued that the Fed's interest rate hikes were “shaking the entire system” – putting pressure on every level of the global financial system, from regional banks to countries that borrow on the U.S. dollar. It would only be a matter of time, he predicted, before things started breaking. Well, things are certainly breaking now, and it's very possible there's more to come. The Fed decided to raise interest rates once again on Wednesday, bringing them above 5 percent for the first time in more than 15 years. So it felt like the right time to revisit our conversation about the fragile, uncertain future of the global economy at this history-making moment and the Fed's role in it. We also discuss what the British financial market meltdown means for the rest of the world, how the interest rate hikes in rich countries export inflation to other countries, the looming possibility of a global recession, why Tooze believes the confluence of high inflation, rising interest rates and high levels of debt points to an economic “polycrisis” unlike any the world has seen, why countries in South Asia are experiencing a particularly severe form of polycrisis, how the Fed should weigh its mandate to bring down inflation against the global consequences of its actions, why he believes analogies to the American inflationary period of the 1970s are misguided and more.Editor's note: Due to a technical error, a previous version of this episode featured the wrong audio file. The episode is now updated with the correct audio.Mentioned:“Slouching Towards Utopia by J Bradford DeLong — fuelling America's global dream” by Adam ToozeBook recommendations:The Neapolitan Novels by Elena FerranteYouthquake by Edward PaiceSlouching Towards Utopia by J. Bradford DeLongThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” is produced by Annie Galvin, Jeff Geld and Rogé Karma. Fact-checking by Michelle Harris, Rollin Hu, Mary Marge Locker and Kate Sinclair. Original music by Isaac Jones. Mixing by Jeff Geld. Audience strategy by Shannon Busta. Special thanks to Kristin Lin, Kristina Samulewski, Jason Furman, Mike Konczal and Maurice Obstfeld.

The shares of multiple regional banks slid today amid new tremors in the industry following the collapse of First Republic. But bank failures and consolidation are actually somewhat normal. So what’s a regional bank to do? And what are investors and depositors to make of all this? Then, how JPMorgan CEO Jamie Dimon became a banking industry heavyweight and why a bump in Federal Deposit Insurance Corp. coverage seems unlikely right now.

On Monday morning, the federal government took over a third failing bank — this time, First Republic.Jeanna Smialek, an economy correspondent for The Times, discusses whether we are at the end of the banking crisis, or the start of a new phase of financial pain.Guest: Jeanna Smialek, an economy correspondent for The New York Times.Background reading: First Republic bank was seized by regulators and sold to JPMorgan Chase.Key takeaways from regulatory review of bank failures.For more information on today's episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

First Republic Bank has now been officially taken over by JP Morgan Chase, the U.S. The Supreme Court is under increasing fire, and a new polling from the Associated Press shows that America's trust in news media continues to spiral downward. Get the facts first with Morning Wire. Birch Gold: Text "WIRE" to 989898 for your no-cost, no-obligation information kit.Genucel: 70% off Most Popular Package + FREE Shipping + Free Spa Essentials https://genucel.com/WIRE Black Rifle Coffee: Get 10% off your first order or Coffee Club subscription with code WIRE: https://www.blackriflecoffee.com/

The turmoil in the banking industry isn't over yet. Today, First Republic Bank was seized, following the failures of Signature Bank and Silicon Valley Bank back in March. How did we get here? And how do we prevent banks from failing in the future? A show-stopping mea culpa from the Federal Reserve provides some answers. For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Unsung hero of the financial system or enabler of failing banks? Today on the show, how the Federal Home Loan Bank system, originally designed to support homeownership and affordable housing, ended up loaning billions to failing banks like First Republic.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Krystal and Saagar discuss Biden blinking on the Debt standoff with McCarthy, the 'Godfather Of AI" making public calls to shut down development, Republicans develop their first AI political attack ad, ChatGPT nukes Chegg's 'Homework' Business, DeSantis freaks when questioned over allegations he took part in torture at Guantanamo, how the Disney lawsuit is a dangerous corporate power grab, revelations that the 2023 bank failures are bigger than 2008, JP Morgan and Jamie Dimon become way too big to fail with purchase of First Republic, polls show that Americans overwhelmingly blame the Media for the country's division, leaked video from Tucker shows him shredding Fox Nation live streaming, Vice News being weeks from bankruptcy, Saagar looks into how the Covid natural origin theories fall apart, Krystal looks into the Commercial Property Debt Bomb that could destroy the economy, and we're joined by filmmaker James Fox to discuss his documentary "Moment of Contact" and reveal new video evidence concerning a potential alien encounter in Brazil. To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.com/ To listen to Breaking Points as a podcast, check them out on Apple and Spotify Apple: https://podcasts.apple.com/us/podcast/breaking-points-with-krystal-and-saagar/id1570045623   Spotify: https://open.spotify.com/show/4Kbsy61zJSzPxNZZ3PKbXl   Merch: https://breaking-points.myshopify.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Krystal and Saagar discuss Biden blinking on the Debt standoff with McCarthy, the 'Godfather Of AI" making public calls to shut down development, Republicans develop their first AI political attack ad, ChatGPT nukes Chegg's 'Homework' Business, DeSantis freaks when questioned over allegations he took part in torture at Guantanamo, how the Disney lawsuit is a dangerous corporate power grab, revelations that the 2023 bank failures are bigger than 2008, JP Morgan and Jamie Dimon become way too big to fail with purchase of First Republic, polls show that Americans overwhelmingly blame the Media for the country's division, leaked video from Tucker shows him shredding Fox Nation live streaming, Vice News being weeks from bankruptcy, Saagar looks into how the Covid natural origin theories fall apart, Krystal looks into the Commercial Property Debt Bomb that could destroy the economy, and we're joined by filmmaker James Fox to discuss his documentary "Moment of Contact" and reveal new video evidence concerning a potential alien encounter in Brazil.To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.com/To listen to Breaking Points as a podcast, check them out on Apple and SpotifyApple: https://podcasts.apple.com/us/podcast/breaking-points-with-krystal-and-saagar/id1570045623 Spotify: https://open.spotify.com/show/4Kbsy61zJSzPxNZZ3PKbXl Merch: https://breaking-points.myshopify.com/ Learn more about your ad choices. Visit megaphone.fm/adchoicesSee omnystudio.com/listener for privacy information.

On today's show……Texas Manhunt still ongoing, Russia still bombing Ukraine, horrific dust storm in Illinois, Satanists Vs Nazis, Woman has orgasm mid opera, The US probably has alien tech & mermaid statue in Italy with a phat ass and tits. (00:03:07) How the boys are doing ☕ Cup of Coffee in the Big Time ☕ (00:05:02) Manhunt for Texas shooting suspect runs into "dead end"; authorities offer $80K reward (00:10:01) Russia launches deadly wave of missile attacks on Ukraine cities (00:10:16) JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008 (00:10:30) Six dead, dozens injured after dust storm causes "horrific" pile-up on Illinois' I-55 (00:10:39) Met Gala 2023 (00:11:40) 'SatanCon 2023': Masked Neo-Nazis crash world's largest satanic event (00:16:44) Tensions rise in Hollywood as potential writers' strike hangs over productions on final day of contract talks

The FDIC chips in $50 billion to help JPMorgan Chase buy flailing First Republic Bank. Black farmers are waiting for loan relief that was promised years ago. And a study shows ChatGPT conveys more empathy to medical patients than human doctors. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kara and Scott discuss the recent warnings from one of the “Godfathers of AI,” as well as the potential writers' strike. Then, J.P Morgan keeps getting bigger with its latest acquisition: First Republic. Elon Musk says Twitter will let media publishers charge for articles. Also, does anybody have a Bluesky referral code? And we're joined by Friend of Pivot, Joelle Emerson, to break down how recent layoffs have affected corporate diversity. You can find Joelle at @joelle_emerson on Twitter. Send us your questions! Call 855-51-PIVOT or go to nymag.com/pivot. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, we spoke about Chase's takeover of First Republic, Microsoft's latest earnings report, Meta's big year, and we discussed if you should own bank stocks and we went over stock charts.Support this podcast at — https://redcircle.com/marketmondays/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

P.M. Edition for May 2. Shares of regional banks fell sharply on Tuesday. The declines come after First Republic struck a deal to sell the bulk of its operations to JPMorgan Chase and before an expected rate-hike decision from the Federal Reserve. Plus, WSJ economics reporter Harriet Torry discusses President Biden's record on the economy, as he launches his re-election bid. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Rich Zeoli Show- Hour 1: 3:05pm- According to The Wall Street Journal Editorial Board, the Biden Administration is seeking to implement a new rule which “will raise mortgage fees for borrowers with good credit to subsidize higher-risk borrowers. Under the rule, which goes into effect May 1, home buyers with a good credit score over 680 will pay about $40 more each month on a $400,000 loan, and upward depending on the size of the loan. Those who make down payments of 20% on their homes will pay the highest fees. Those payments will then be used to subsidize higher-risk borrowers through lower fees.” You can read the full editorial here: https://www.wsj.com/articles/upside-down-mortgage-policy-212fd736 3:15pm- In response to the expiration of Title 42, President Joe Biden announced that he will dispatch 1,500 active-duty military personnel to the U.S. Southern Border to help prevent illegal border crossings from surging. 3:30pm- Flashback: During an interview with Ezra Klein in 2015, Senator Bernie Sanders (D-VT) said he vehemently opposed “open-borders” and claimed it was a right-wing proposal being supported by the Koch brothers—alleging that Republicans wanted relaxed border security in order to drive down the cost of labor and, subsequently, enhance the profits of large corporations. How has the Democrat party changed its stance on border security so drastically in just 8 years? 3:50pm- Flashback: In 2018, in response to the Trump Administration's decision to send troops to the U.S. Southern Border, then-Senator Kamala Harris claimed the act was “inappropriate” and “political”—so, then why is the Biden Administration doing the very same thing now? Was Harris simply attempting to politicize the issue in 2018? 4:05pm- During the Senate Judiciary Committee's hearing on Supreme Court Ethics Reform, Sen. Ted Cruz (R-TX) stated that the hearing's primary intention was to destroy the reputation of ideologically conservative Justices—specifically Justice Clarence Thomas. Sen. Cruz also condemned Senate Democrats for attempting to reduce funding for Justice security even after the attempted assassination of Justice Brett Kavanaugh following the release of a leaked draft of the court's decision in Dobbs v. Jackson Women's Health Organization, which ultimately upended Roe v. Wade. 4:15pm- The Wall Street Journal's Editorial Board writes, “Senate Democrats are holding another hearing on ‘Supreme Court Ethics Reform'…and it's important to understand that this isn't about ethics at all. This is another front in the political campaign to delegitimize the Supreme Court, with a goal of tarnishing its rulings and subjecting it to more political control.” You can read the full editorial here: https://www.wsj.com/articles/supreme-court-ethics-reform-hearing-senate-democrats-john-roberts-clarence-thomas-ketanji-brown-jackson-sonia-sotomayor-d0304d65?mod=opinion_lead_pos1 4:30pm- Nicholas Tomaino—Assistant Editorial Features Editor at The Wall Street Journal—joins The Rich Zeoli Show to discuss his latest editorial, “Politico Aims at Gorsuch and Misses.” Politico's Heidi Przybyla alleges that the sale of a property linked to Neil Gorsuch amounts to an ethics problem for the Supreme Court Justice. But as Tomaino points out, Justice Gorsuch disclosed the transaction and “didn't own the property directly. Rather, he held a 20% share in Walden Group LLC, a company he and two partners formed when they bought the house in 2005, before Mr. Gorsuch was a judge. The company listed the property for sale in 2015, asking $2.495 million, and sold it to Mr. Duffy two years later for $1.825 million.” So where is the ethics problem? You can read Tomaino's full editorial here: https://www.wsj.com/articles/politico-aims-at-gorsuch-and-misses-disclosure-colorado-ethics-reform-durbin-87a4fc50?mod=opinion_lead_pos7 4:55pm- During a recent episode of his podcast, Joe Rogan suggested that former Fox News host Tucker Carlson should appear on the online video platform Rumble. 5:05pm- The Drive at 5: President of Thomas Jefferson University Dr. Mark Tykocinski was reprimanded via email by the institution's Chief Executive Officer Joseph Cacchione for “liked” Tweets that questioned the efficacy of gender affirming surgeries for children. Should Dr. Tykocinski have been forced to apologize? Zeoli notes that it appears academia now only accepts dangerous versions of “group think.” 5:20pm- The Mystery Movie Clip: Rich forgets to ask caller twelve for the name of the film… 5:40pm- According to a new poll from the Harvard Kennedy School of Government, young Democrats are abnormally depressed.   6:05pm- According to a report from channel 8 WISH-TV in Indiana, Councilmember Ryan Webb has announced that he will now be identifying as a “lesbian woman of color.” Webb appeared on Fox News with Jesse Kelly to explain his decision to be his “true self” publicly for the first time. 6:30pm- In response to the collapse of First Republic Bank, White House Press Secretary Karine Jean Pierre stated the Biden Administration is very confident there will be no more banking failures. Rachel Louise Ensign and Ben Eisen of The Wall Street Journal write, “[r]egulators seized First Republic Bank and struck a deal to sell the bulk of its operations to JPMorgan Chase Co., heading off a chaotic collapse that threatened to reignite the recent banking crisis. JPMorgan said it will assume all of First Republic's $92 billion in deposits—insured and uninsured. It is also buying most of the bank's assets, including about $173 billion in loans and $30 billion in securities.” You can read Ensign and Eisen's full report here: https://www.wsj.com/articles/first-republic-bank-is-seized-sold-to-jpmorgan-in-second-largest-u-s-bank-failure-5cec723 6:45pm- On Tuesday, Interior Secretary Deb Haaland testified at a Senate Energy and Natural Resources Committee hearing where she seemingly claimed there were too many jobs in America for “blue collar workers.” Senator Josh Hawley (R-MO) questioned Sec. Haaland about the Biden Administration's “clean energy” agenda and its habit of promoting reliance upon foreign nations for the mining of precious metals and minerals necessary for the development of batteries used in electric cars.

The Rich Zeoli Show- Hour 4: According to a report from channel 8 WISH-TV in Indiana, Councilmember Ryan Webb has announced that he will now be identifying as a “lesbian woman of color.” Webb appeared on Fox News with Jesse Kelly to explain his decision to be his “true self” publicly for the first time. In response to the collapse of First Republic Bank, White House Press Secretary Karine Jean Pierre stated the Biden Administration is very confident there will be no more banking failures. Rachel Louise Ensign and Ben Eisen of The Wall Street Journal write, “[r]egulators seized First Republic Bank and struck a deal to sell the bulk of its operations to JPMorgan Chase Co., heading off a chaotic collapse that threatened to reignite the recent banking crisis. JPMorgan said it will assume all of First Republic's $92 billion in deposits—insured and uninsured. It is also buying most of the bank's assets, including about $173 billion in loans and $30 billion in securities.” You can read Ensign and Eisen's full report here: https://www.wsj.com/articles/first-republic-bank-is-seized-sold-to-jpmorgan-in-second-largest-u-s-bank-failure-5cec723 On Tuesday, Interior Secretary Deb Haaland testified at a Senate Energy and Natural Resources Committee hearing where she seemingly claimed there were too many jobs in America for “blue collar workers.” Senator Josh Hawley (R-MO) questioned Sec. Haaland about the Biden Administration's “clean energy” agenda and its habit of promoting reliance upon foreign nations for the mining of precious metals and minerals necessary for the development of batteries used in electric cars.

Las Vegas has pulled off an epic pivot: From sin city to family fiestas. First Republic Bank's stock has plummeted 99%, and all the options to handle the crisis are bad. And Wendy's is bringing its chili to aisle 6 because grocery stores have become the Garden of Eden of American Capitalism. $FRB $LVS $WEN Want merch, a shoutout, or got TheBestFactYet? Go to: www.tboypod.com Follow The Best One Yet on Instagram, Twitter, and Tiktok: @tboypod And now watch us on Youtube Learn more about your ad choices. Visit podcastchoices.com/adchoices

Krystal and Saagar discuss First Republic bank being seized by regulators and sold to JPMorgan Chase, Charlie Munger's dire banking system warning, leaked documents showing Epstein met multiple times with the CIA Director, Noam Chomsky, and others, Wall Street bankers joking about Epstein's Child Trafficking, a Biden voter is speechless on 2024 support, Charlmagne trashes the DNC for not hosting debates between candidates, Chief Justice Roberts' Wife cashes in on SCOTUS connections, Krystal and Saagar react to the White House Correspondents Dinner, Saagar looks into how Fox News ratings have plunged after Tucker's departure, Krystal looks into how Biden is set to lose New Hampshire to RFK, Marianne, and we're joined by Seth Hettena to discuss his reporting on how the FBI suspects 9/11 Hijackers were CIA assets. (Seth's article: https://www.spytalk.co/p/exclusive-fbi-agents-accuse-cia-of) To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.com/ To listen to Breaking Points as a podcast, check them out on Apple and Spotify Apple: https://podcasts.apple.com/us/podcast/breaking-points-with-krystal-and-saagar/id1570045623   Spotify: https://open.spotify.com/show/4Kbsy61zJSzPxNZZ3PKbXl   Merch: https://breaking-points.myshopify.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Krystal and Saagar discuss First Republic bank being seized by regulators and sold to JPMorgan Chase, Charlie Munger's dire banking system warning, leaked documents showing Epstein met multiple times with the CIA Director, Noam Chomsky, and others, Wall Street bankers joking about Epstein's Child Trafficking, a Biden voter is speechless on 2024 support, Charlmagne trashes the DNC for not hosting debates between candidates, Chief Justice Roberts' Wife cashes in on SCOTUS connections, Krystal and Saagar react to the White House Correspondents Dinner, Saagar looks into how Fox News ratings have plunged after Tucker's departure, Krystal looks into how Biden is set to lose New Hampshire to RFK, Marianne, and we're joined by Seth Hettena to discuss his reporting on how the FBI suspects 9/11 Hijackers were CIA assets.(Seth's article: https://www.spytalk.co/p/exclusive-fbi-agents-accuse-cia-of)To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.com/To listen to Breaking Points as a podcast, check them out on Apple and SpotifyApple: https://podcasts.apple.com/us/podcast/breaking-points-with-krystal-and-saagar/id1570045623 Spotify: https://open.spotify.com/show/4Kbsy61zJSzPxNZZ3PKbXl Merch: https://breaking-points.myshopify.com/ Learn more about your ad choices. Visit megaphone.fm/adchoicesSee omnystudio.com/listener for privacy information.

Banking giant JPMorgan Chase is taking over the failed First Republic Bank, but not without some guarantees. Turns out the deal was sweetened by the FDIC agreeing to be responsible for certain First Republic losses. Plus, what small banks are making of the turmoil. Then, FTC Chair Lina Khan on AI regulation and taking on powerful companies.

First Republic is the third US bank to collapse in the last two months. Also: aid agencies warn of an escalating humanitarian disaster in Sudan, and how artificial intelligence can help detect early-stage lung cancer.

First Republic Bank stock is down 97% in 2023, and this afternoon a takeover by the Federal Deposit Insurance Corp. looked imminent. Thing is, short sellers have made more than $1 billion betting that First Republic would fall. Is that good for financial stability? Plus, we’ll look into the “We buy ugly houses” business and discuss how new economic data will influence the Federal Reserve’s next move.

The deal is an attempt to prevent attacks from North Korea with Seoul to remain a non-nuclear state. Also: The Chinese and Ukrainian Presidents speak for the first time since Russia's invasion of Ukraine, and trading is suspended in shares of the struggling American bank, First Republic, following a further sharp fall in its value.

Once the envy of the banking world, First Republic grew rapidly by catering to wealthy clients who wanted a high-touch service. But the bank's highflying business came back to earth after the Federal Reserve began raising interest rates last year and customers started moving their money. WSJ's Rachel Louise Ensign on why First Republic is now teetering on the brink.  Further Reading: - First Republic Lost $100 Billion in Deposits in Banking Panic  Further Listening: - Two Executives On What It's Like to Stop a Bank Run  - Can the Government Contain a Banking Crisis?  Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 26. Shares of midsize lender First Republic Bank shed nearly 50% yesterday after it reported a major outflow of deposits. WSJ finance editor Quentin Webb explains whether First Republic's troubles could signal further banking turmoil. Also, shoppers looking for price breaks on basic products will have to wait, as companies seem to have pricing power on their side. Plus, the U.S. and South Korea reach a nuclear accord. Luke Vargas hosts.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks closed lower and Jim Cramer is weighing in on the financial name that brought the averages down after earnings - First Republic. First, Cramer talks to Palo Alto Network CEO Nikesh Arora after the company's presentation at the RSA Conference. Then, down 6% today, should investors give Whirlpool a whirl at these levels? Cramer's learning more about the most recent quarter with CEO Marc Bitzer. Plus, part two of Cramer's sit-down with Dallas Cowboys owner Jerry Jones.Mad Money Disclaimer

It's been two weeks since the Silicon Valley Bank run, and we're still feeling the ripple effects — not just at banks like Signature, First Republic and Credit Suisse, which are definitely taking a beating. Across the industry, too, banks are on edge, and regulators are rushing to keep the system together.Every financial crisis is different. And every financial crisis is the same. Assets that a lot of people thought were safe — mortgage-backed securities in the 2008 crisis and long-term Treasury bonds in this latest bank run — end up not being so secure. When assets start failing, people panic. Usually, regulators pick up the pieces with some kind of bailout, and there are calls for more oversight. The theory goes that regulations should focus on keeping a couple of wayward institutions in line, and we've gone through this playbook over and over again. We're going through it now, and it's time we take a different approach to banking regulation.Morgan Ricks is a law professor at Vanderbilt University who thinks those measures often miss the mark in addressing the problems baked into our banking system. He's worked both on Wall Street and in the Treasury Department. He wrote the book “The Money Problem,” which reflects on the 2008 financial crisis. But the theory he presents in the book ends up being explanatory today.We discuss what lessons banking regulators missed from the Great Recession; the need to panic-proof the entire financial system, as opposed to developing regulations around a systemic risk that he finds hard to define; why it's important now to revisit the basics of banking, its relationship to creating money and the tendencies that get banks in trouble; the government's role in insuring or backstopping deposits; what it would mean for the government to start treating money as a public good for us all; and more.Mentioned:“Scrap the Bank Deposit Insurance Limit” by Lev Menand and Morgan Ricks“FedAccounts: Digital Dollars” by Morgan Ricks, J. Crawford and L. MenandBook Recommendations:Flash Boys by Michael LewisThe Idea Factory by Jon GertnerThe Fed Unbound by Lev MenandThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu, Kristin Lin, Emefa Agawu, Annie Galvin and Jeff Geld. Fact-checking by Michelle Harris and Kate Sinclair. Mixing by Jeff Geld. Original music by Isaac Jones. Audience strategy by Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Carole Sabouraud and Kristina Samulewski.

2022 was The Year of the Wedding, but 2023 has a proposal problem — and that's a problem for the jewelry industry. Three US banks are beating up the financial system globally, but in 3 different ways: Silicon Valley Bank got rescued, Credit Suisse got a bailout, and First Republic got an intervention. And Disney upped the price of Disney+ by $3/month and we all paid it — because it's not just a media company, it's a digital on-demand babysitter. $SIG $DIS $FRB $CS $SIVB Follow The Best One Yet on Instagram, Twitter, and Tiktok: @tboypod And now watch us on Youtube Want a Shoutout on the pod? Fill out this form Got the Best Fact Yet? We got a form for that too Learn more about your ad choices. Visit podcastchoices.com/adchoices

It alleges the Russian President is responsible for war crimes for the unlawful deportation of children from Ukraine to Russia. Also: Shares in the troubled banks, Credit Suisse and First Republic, have plunged again as fears persist about their financial health, and the former soldier who has spent nearly 6 years walking the coastline of Great Britain.

The French President used special powers to force the bill through Parliament without a vote. Also: Some of the biggest banks in the US pump billions of dollars into rescuing the struggling lender, First Republic, and the competition to help decipher scrolls that survived the volcanic eruption in Pompeii almost 2000 years ago.

A team of large banks are coming together to save First Republic from this week's banking woes with a hefty $30 billion deposit. We'll explain what their move could mean for regulators. Also, an investigation into nursing homes in the United States found that some Medicare policies are putting seniors into poverty. And Kimberly makes us smile with a story about how pet owners deal with clever cats that can open microwaves and steal wallets. Here’s everything we talked about today: “First Republic Set to Get $30 Billion of Deposits in Rescue” from Bloomberg “The FBI And DOJ Are Investigating ByteDance's Use Of TikTok To Spy On Journalists” from Forbes “In nursing homes, impoverished live final days on pennies” from AP News “Axiom Space reveals next-generation spacesuit for astronauts returning to lunar surface” from Axiom Space “When cats can lock doors and raid food, pet-proofing gets extreme” from The Washington Post Our March fundraiser ends tomorrow. Help us meet our goal this week so we can cover our costs and plan for the future: https://support.marketplace.org/smart-sn