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May 1, 2023

What JPMorgan is getting out of the First Republic deal

For one, the Federal Deposit Insurance Corp. will absorb much of First Republic’s losses. Then, Federal Trade Commission Chair Lina Khan on regulating artificial intelligence and taking on some of the biggest companies in our economy.

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What JPMorgan is getting out of the First Republic deal — Justin Sullivan/Getty Images

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Segments From This Episode

For JPMorgan, loss sharing sweetened its deal to buy First Republic Bank
by Sabri Ben-Achour
Justin Sullivan/Getty Images
For one, help from the FDIC, which will absorb up to 80% of the losses coming from First Republic’s residential and commercial loans.
Small banks are doing just fine. Thanks for asking.
by Kimberly Adams
Spencer Platt/Getty Images
Main Street banks, often more diversified and risk-averse than Wall Street banks, are largely shrugging off First Republic’s meltdown.
FTC chair on regulating AI and “taking on some of the biggest, most powerful companies in our economy”
by Kai Ryssdal, Sean McHenry and Sarah Leeson
Anna Moneymaker/Getty Images
“We need to make sure the market knows that there is no exemption for AI,” says Lina Khan of the Federal Trade Commission.
Fueled by federal dollars, commercial construction is booming
by Savannah Peters
Joe Raedle/Getty Images
The resilience of this usually interest rate-sensitive sector makes the Fed’s goal of taming inflation that much harder.
As vinyl record sales eclipse CDs, LP pressing plants are thriving
by Henry Epp
Henry Epp/Marketplace
Streaming is still king, but vinyl sales continue to grow.