3 Major Issues for US Banks

Mike Armstrong and Brendan Hayes discuss First Republic Bank losing $100B in deposits and how the Fed handled the failure. Mike outlines three major problems he sees with US banks right now. GM raises 2023 profit outlook as car buyers continue to splurge. Commerce Department outlines its bid to fund cutting-edge chip research. Sliding diesel prices signal warning for US economy. Gov Healey vows to make MBTA managers work and live near the transit system they oversee.