the boss of jamie p moran, the smaller banks. the boss of jamie p morgan. he — the smaller banks. boss of jamie p morgan, he said this _ the smaller banks. the boss of jamie p morgan, he said this phase - the smaller banks. the boss of jamie p morgan, he said this phase of - the smaller banks. the boss of jamie p morgan, he said this phase of the i p morgan, he said this phase of the banking crisis is over. do you think that's a view that is widely held or not? i was trying to get at is whether or not he is right? you i was trying to get at is whether or not he is right?— not he is right? you 'ust have to look at the t not he is right? you 'ust have to look at the share _ not he is right? you just have to look at the share price - not he is right? you just have to look at the share price of - not he is right? you just have to look at the share price of his - not he is right? you just have to i look at the share price of his banks who are kind of, pack west saying they are exploring to gtech options. whether it's investors are short sellers, whether it's from your customers, someth

well, i mean, if you ask a, jamie diamond the hat alpha j. p. morgan, this said chapter of for the recent research regional banking failures is so close to so that's at least what jamie diamond is the claimant. but then again of what kenny as say otherwise them. but it does, it's a pretty dramatic situation. i mean, as we've just heard 3 of the 4 biggest bank failures in the history of the united states just happened a with the past 2 months. and some of the problems that sold banks are facing a very rapidly, very, aggressively moving interest rates. i mean, that is still true also of what the mother of financial institutions and 1st republic we understand it received a $30000000000.00 lifeline just last month and that was not enough to save it. why? well, $30000000000.00 is a lot of money, but we just heard early last to week that actually the clients from 1st republic pulled about a $102000000000.00 just in the 1st quarter. if you look back a couple of weeks. so what happened? a took credit suisse, i mean, they also got an injection from the swiss na

p. morgan stepped in to purchase the california based banks, nearly $104000000000.00 and deposits, and $229000000000.00 and assets before the stock market opened. g p. morgan, c. e o. jamie diamond spoke with analysts about the deal. no christabel is part of the crisis is over. first republic had been teetering on the brink of collapse in the wake of 2 others, silicone valley and signature bank, amounting to some of the largest bank failures in u. s. history. rising interest rates caused loans and investments to lose value. all 3 of these banks catered to wealthy clients with large uninsured deposits, more prone to withdraw them in times of stress. we have a structure of near 0 interest rates for 20 years. and when you begin to reset those, especially very quickly, which the fab have under pressure from the inflation debates that we've had, you're going to have structures that evolved under low interest rates that don't meet the challenges of a new environment very well of a higher interest rates, the federal reserve meets later this week to decide whether or not to continue that policy of raising interest rate. at the white house, president joe biden attempted to reassu

p. morgan stepped in to purchase the california based banks, nearly $104000000000.00 and deposits, and $229000000000.00 and assets before the stock market opened. g p. morgan, c o, jamie diamond spoke with analysts about the deal. no christabel is part of the crisis is over. first republic had been teetering on the brink of collapse in the wake of 2 others, silicone valley and signature bank, amounting to some of the largest bank failures in u. s. history. rising interest rates, cause loans and investments to lose value. all 3 of these banks catered to wealthy clients with large uninsured deposits, more prone to withdraw them in times of stress. we have structure of near 0 interest rates for 20 years. and when you begin to reset those, especially very quickly, which the fab have under pressure from the inflation to beats that we've had, you're going to have structures that evolved under low interest rates that don't meet the challenges of a new environment very well of a higher interest rates, the federal reserve meets later this week to decide whether or not to continue that policy of raising interest rate. at the white house, president joe biden attempted to reassur

p. morgan stepped into purchased the california based banks, nearly $104000000000.00 and deposits, and $229000000000.00 and assets before the stock market opened. g p. morgan ceo, jamie diamond, spoke with analysts about the deal. no christabel is perfect for the crisis is over . first republic had been teetering on the brink of collapse in the wake of 2 others, silicon valley and signature bank, amounting to some of the largest bank failures in us history. rising interest rates caused loans and investments to lose value. all 3 of these banks catered to wealthy clients, with large uninsured deposits, more prone to withdraw them in times of stress. we had a structure of near 0 interest rates for 20 years. and when you begin to reset those, especially very quickly, which the fed has under pressure from the inflation debates that we've had, you're going to have structures and evolved under low interest rates that don't meet the challenges of a new environment very well of a higher interest rates, the federal reserve meets later this week to decide whether or not to continue that policy of raising interest rates. at the white house, president joe biden attempted to reass

the s&p higher by 15, house speaker kevin mccarthy is blaming president biden for the lack of progress on the debt ceiling talks as they boast under both postpone until next week j.p. morgan jamiehat panic will overtake markets as the u.s. approach is a possible debt default in early june u.s. bank senior vice president and head of the public markets group lisa erickson what is your take on marcus and his reaction to the debt ceiling negotiations. >> certainly a lot of uncertainty because a prospect of a u.s. debt default will be very severe on financial markets. as we look at the situation we expect ultimately some sort of resolution will be achieved but in the interim there could be quite a bit of volatility as we watch how the two sides play that out. maria: interesting to see the strength this morning stocks are higher as we watch a whole host of economic data this week which is largely better-than-expected april price index of 2.3% year-over-year that was the slowest pace of growth since generally 2021 minneapolis federal reserve should use as a federalization is still too high and above the target while wage growth has often. what do you think the data means for the next

p 500 totally unchanged. here is the quote from jamie dimon, government invited us and others to step up and we did. jp morgan to require first republic. i make this the fourth bank to fail since early march. lisa: and a second when ever in history to fail under fda seized watch. is this a bailout and what is the cost to the fbic and could have been avoided? jonathan: and is it the last and what does it mean for the federal reserve later this week when they meet on wednesday? an interest rate on the table following another tank failure in america. lisa: it was said this is going to be inevitable and part of a healthy ecosystem in a capitalist society that there will be baked failures and the only way to plan for that effectively is to focus on strong capital requirements and does that mean more regulations and the framework is the best hope of ending our bailout culture. jonathan: where is warren and berkshire hathaway? we maybe have a little answer from the berkshire hathaway vice chair and here was the paragraph, charlie munger has warned a brewing storm in the commercial property market and the banks had b