First Republic's future under scrutiny again

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The bank's shares plunge by more than 40% as plans for its survival fail to materialise. We ask experts what First Republic's clients can expect as news that the bank might be placed under receivership start to emerge. The US financial sector continues to tremble as the Federal Reserve admits that it failed to act with "sufficient force and urgency" in its oversight of Silicon Valley Bank, which collapsed last month in the country's biggest bank failure since 2008. We find out more about the Fed's latest report on SVB. And we hear about the skills needed to succeed in the music industry from Jason Derulo. (Picture: A security guard stands outside a First Republic Bank branch in San Francisco, California, U.S. April 28, 2023. Picture credit: Reuters)