Five in Ten 5/2/23: Another Bank Bites the Dust

First Republic Bank was seized by regulators Monday, becoming the second-largest bank failure in American history. JPMorgan acquired the bank’s assets and now holds more than 10% of all US deposits.

5) First Republic Bank falls victim to Fed rate hikes; 4) “Godfather of AI” now warning about the dangers of the tech he helped create; 3) Federal bureaucracy using regulations to squash free speech; 2) Rocker Paul Stanley of Kiss a voice of reason in gender debate; 1) Small UK village discovers local cat burglar is a local cat.