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First Republic Regulators Rush to Fix Crisis

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US regulators are rushing to resolve the First Republic Bank crisis after the deadline passed for submitting final bids to take over the struggling lender. Adam Haigh reports on Bloomberg Television.
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26 Comments

26 Comments

  1. @justinajoshua9369

    January 18, 2024 at 8:42 pm

    Nice video stocks are falling and bond yields are rising, but markets still don't seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $250,000 stock portfolio, what's the best way to take advantage of this bear market?

  2. @gregmassi2067

    January 18, 2024 at 8:42 pm

    JAIL these bastards in charge!

  3. @propblast82nd

    January 18, 2024 at 8:42 pm

    Biden is a total failure 😢

  4. @Gadgettime

    January 18, 2024 at 8:42 pm

    This is a setup for the Fed own everything

  5. @Lukas-cm2b

    January 18, 2024 at 8:42 pm

    FED obviously fixing the economy. Banks are collapsing.

  6. @kanewaterworth3711

    January 18, 2024 at 8:42 pm

    Bitcoin

  7. @monerharris9430

    January 18, 2024 at 8:42 pm

    First Republic Bank was the 14th largest bank in the US, and it wasn't subject to the most strict controls. How many banks actually are subject to those controls, besides the big four? Any bank could suffer a run and fail, and if that happens to a community level or even state level bank it probably won't upset the national economy or ecosystem of banks, but any multi-state bank should be more closely watched.

  8. @georgewbushcenterforintell147

    January 18, 2024 at 8:42 pm

    Vegas should open up betting odds on which banks might fail . This would generate even more pressure on weak banks that need to fail for the system to get stronger.

  9. @twisted4872

    January 18, 2024 at 8:42 pm

    It's a bit like when a patient has been on the ventilator for way too long and it's time to pull the plug….best say your farewells and I love yous …you are going to a better place poppets

  10. @bradleyh1964

    January 18, 2024 at 8:42 pm

    All a bunch of wheeler dealing and underhand business a bunch of crooks there is not a honest wall street banker.

  11. @anupthapa2095

    January 18, 2024 at 8:42 pm

    Rip First Republic

  12. @johnwick860

    January 18, 2024 at 8:42 pm

    if you don't allow Banks to fail and close, you are not encouraging free market

  13. @markjackshit4607

    January 18, 2024 at 8:42 pm

    This guys talks without saying anything. What skill!!!

  14. @leszeka7675

    January 18, 2024 at 8:42 pm

    The whole lot of banks are in a much worse condition …
    The fact that large banks accepted cash from smaller ones means higher interest payments on these deposits for them, and losses on bonds and mortgage loans are not lower at all..? only better accounted..

  15. @id10t98

    January 18, 2024 at 8:42 pm

    Rich people love recessions and depressions, everything is on sale to them.

  16. @godzillamothra5983

    January 18, 2024 at 8:42 pm

    house of cards collapsing, abandon ship

  17. @tomhook4819

    January 18, 2024 at 8:42 pm

    This is good news. FRB failure will wipe out a lot of wealth. With wealth gone, there will be less demand, and less demand will translate into lower inflation.
    If another 5 – 10 banks all fail, we might have a chance to get inflation back to 2% faster

  18. @lawrenceralph7481

    January 18, 2024 at 8:42 pm

    BotA shareholders suffered unfairly when it was "encouraged" to rapidly by the declining WaMu bank at the beginning of the 2008 Credit Crisis. They still suffer from errors WaMu committed

    Any new rapid rescue "encouraged" by the government therefore will need to come with written guaranteed indemnification of the purchaser from unknown deficiencies, crimes and penalties to protect the innocent purchasing bank shareholders. FDIC, Fed and Treasury regulators own the problem.

  19. @UnworthySubject

    January 18, 2024 at 8:42 pm

    This is what makes or breaks a country. Internal conflicts tear nations in half and sometimes create completely new nations. We've gone through similar situations in history. There's nothing that stands in the way of change if people in "positions of power" take issues seriously.

  20. @UnworthySubject

    January 18, 2024 at 8:42 pm

    We should at the very least figure out a way to better understand ourselves. Growing up with a small friend group might feel safe but it can delay our growth. Depending on how we view the world and our hobbies. We might find ourselves inside a bubble that will only become harder to leave as time goes by.

  21. @UnworthySubject

    January 18, 2024 at 8:42 pm

    Our country has been turned upside down, growing increasingly hostile towards the working class citizen. We spread sanctions around the world when disagreements occur. We seek conflicts with countries investing inside developing countries. While others figure ways to sustain the population in terms of daily necessitys. Infrastructure in these developing nations isn't supported by western nations. Resources that make up our technology is being sent out displacing wealth.

  22. @UnworthySubject

    January 18, 2024 at 8:42 pm

    While the "elite" pay their way into schools with absurd donations that would bankrupt any regular working class citizen. With grades that only value our attention seeking ego satisfying need of approval. This leads to insane amounts of corruption and incompetence in and around our institutions. We've turned into self serving power hungry tyrants while we claim to value democracy.

  23. @UnworthySubject

    January 18, 2024 at 8:42 pm

    Our attention span has been severely altered to the point where information passes right by. We look but don't see, we hear but don't listen. We've become autonomous by design. This goes all the way back to schools and how we undervalue our teachers. The molders of our societies have been exhausted and worked to brink of failure. They've become autonomous themselves leading to an endless cycle.

  24. @UnworthySubject

    January 18, 2024 at 8:42 pm

    We should be looking outward with open minds. With positive dialog instead of hostile thinking and unfounded baseless statements. All these hostile mindsets are created by social media, news and giant corporations that fund bots who encourage us to argue over silly comments. Propaganda campaigns run rampant in the west.

  25. @UnworthySubject

    January 18, 2024 at 8:42 pm

    The only democracies we bring are those that unite when outside powers want to intervene. Taking up arms against imperialist that intervene on sovereign land. We place sanctions on countries refusing to submit and obey as puppets then wonder why our interests and partners keep drifting further away towards a multi polar world.

  26. @UnworthySubject

    January 18, 2024 at 8:42 pm

    Workers are herds of farm animals to employers. What kind of living conditions can we expect in the future when we're seen as undesirables. Supressing discussions of poverty crisis until finally hitting home. Doesn't matter who we follow or what beliefs we carry. We've all been born into this world. Allowing ourselves to be pushed by a few should never be an option.

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Why the US Is Stepping In to Prop Up Japan’s Yen

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The Japanese yen is so weak that even the US has stepped in to prop up the currency.

The joint US-Japan action, the first in 15 years, underscores their unprecedented determination to defend the Asian currency. Mia Glass explains why.

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Warsh Says Inflation Isn’t Slowing, Vows to Reach 2% Target

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Warsh reiterated that policymakers have a “firm, fixed target” of 2% inflation at the 2026 Jackson Hole Economic Policy Symposium. Bloomberg’s Maria Eloisa Capurro explains.
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Stocks Rise as Oil and Treasury Yields Fall | The Close 8/25/2026

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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Columbia Business School Professor Abby Joseph Cohen, Loop Capital Markets Consumer Sector Head, Senior Research Analyst Anthony Chukumba, The Conference Board CEO Steve Odland, Man Group Chief Market Strategist Kristina Hooper, Willow Wealth CEO Mitchell Caplan, McGraw Hill CEO Philip Moyer, Unifor National President Lana Payne, & Wedbush Securities Managing Director, Equity Research Matt Bryson.

Chapters:
00:00:00 Bloomberg The Close
00:02:51 Abby Joseph Cohen on Markets, Consumers & the Economy
00:07:24 AI Spending, Productivity & the Sustainability Question
00:11:42 Jackson Hole Preview & Kevin Warsh’s Fed Strategy
00:15:27 Nvidia, OpenAI & the AI Trade Ahead of Earnings
00:17:23 Top Calls
00:18:15 Dick’s Sporting Goods Plunges on Foot Locker Troubles
00:22:38 Consumer Confidence Falls as Inflation Anxiety Builds
00:25:13 Consumer Debt, Spending & the Risk to Economic Growth
00:27:48 CEO vs. Consumer Confidence & the Holiday Retail Outlook
00:30:29 Stock of the Hour: Super Micro Jumps on Cisco Partnership
00:32:09 Cisco, Super Micro & the AI Infrastructure Buildout
00:37:37 Man Group on Treasury Intervention, Yields & Fed Policy
00:41:01 AI Debt, Inflation & the Jackson Hole Outlook
00:43:27 Closing Bell
00:45:47 Intuit Earnings & the SaaS Selloff
00:47:29 Market Movers: Moderna, Nvidia & Resolve AI
00:49:08 Dick’s Worst Day Ever Raises Questions About Foot Locker
00:50:50 Zoom & Box Earnings Hit After the Bell
00:52:44 AI and the “SaaS-pocalypse” Debate
00:54:31 Market Recap: Nvidia Rebounds as Oil & Yields Fall
00:55:39 Mitch Caplan on Retail Investors & Private Markets
00:57:22 Private Credit, Higher Yields & the New 60/40 Portfolio
01:00:01 Why Companies Are Staying Private Longer
01:01:24 Private Market Liquidity & Access for Retail Investors
01:02:47 Private Assets in 401(k)s & Vanguard’s Zero-Allocation Call
01:05:54 After-Hours Movers: Intuit, Zoom & Box
01:08:12 McGraw Hill CEO on AI, Education & the Future of Learning
01:10:15 How Teachers and Students Should Use AI
01:12:06 McGraw Hill’s Agentic AI Strategy
01:13:28 Screen-Time Backlash & the Return of Print
01:16:29 U.S.-Canada Trade War Escalates
01:17:35 Unifor President on Auto Tariffs & North American Manufacturing
01:20:18 Canada’s Response to the U.S. Trade War
01:24:20 Nvidia Earnings Preview: Can AI Growth Keep Delivering?
01:25:49 Nvidia’s Next Growth Engine & Rising Chip Competition
01:28:23 What to Watch
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Three Things That Define the Future for the Strait of Hormuz

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Ed Morris, Senior Adviser and Commodities Expert, discusses the recent fall in Brent crude oil prices. The decline is attributed to market attention on the potential impact of Iran sanctions, which are influencing supply expectations and investor sentiment in the commodities market. He speaks with Romaine Bostick on “The Close.”
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Citizens Bank CEO: Consumers are resilient despite wage challenges

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“The fundamental thing that’s really important is unemployment is low, and people have jobs. As long as we have that, I think the lower-end customer holds in,” says Citizens Financial Chairman and CEO Bruce Van Saun.

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