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Episode details

World Service,01 May 2023,26 mins

First Republic bank sold to JP Morgan

World Business Report

Available for over a 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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