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World Business Report: First broadcast 01/05/2023 14:32 GMT : First Republic bank sold to JP Morgan

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First Republic bank is being sold to JP Morgan

First broadcast 01/05/2023 14:32 GMT 

First broadcast 01/05/2023 14:32 GMT : First Republic bank sold to JP Morgan

First Republic bank sold to JP Morgan

BBC World Service - World Business Report, First Republic bank sold to JP Morgan

First Republic bank is the third US bank to fail this year as JP Morgan takes it over

First Republic Bank is being sold to investment banking giant JP Morgan after it becomes the third major US lender to collapse this year.

Presenter Sam Fenwick will take a look at First Republic Bank as it has been sold to investment banking giant JP Morgan. First Republic has become the third  US bank to collapse this year.

Globally there'll be fewer jobs around in the coming five years. Research suggests there could be a net loss of 14 million jobs. We hear from The World Economic Forum as they say says slower economic growth, supply chain shortages and inflation will affect job creation.

And we'll  find out why Cuba's annual May Day parade in Havana has been cancelled.

(Picture: People walk past a First Republic Bank branch in San Francisco, California, U.S. April 28, 2023. Picture Credit: Reuters)

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First broadcast 01/05/2023 14:32 GMT : First Republic bank sold to JP Morgan

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