Today is the start of Asian/Pacific American Heritage Month — a commemorative time designated by Congress to celebrate the more than 24 million people in the US with roots in East Asia, Southeast Asia, the Indian subcontinent, Hawaii, Samoa, Guam, Fiji, Tonga, the Marshall Islands, the Northern Mariana Islands and other Pacific islands.
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JPMorgan Chase is buying most assets of First Republic Bank in a deal announced today after the bank became the third in the US to fail since March. JPMorgan said it had acquired “the substantial majority of assets” and assumed the deposits, insured and uninsured, of First Republic from the FDIC, the independent government agency that insures deposits for bank customers. It makes the lender the second-largest bank failure in the nation’s history. The move represents the latest effort by federal regulators to prop up consumer confidence in the banking system, which has now suffered three major bank failures in the last six weeks. First Republic Bank’s 84 offices in eight states are set to reopen as branches of JPMorgan Chase Bank today during normal business hours, the agency said.
More than 250 officers from multiple law enforcement agencies are searching for the gunman accused of shooting and killing five people — including a young child — at a Cleveland, Texas, home after neighbors asked him to stop firing his rifle outdoors, officials said. The father of the child killed told CNN that he and two others walked over to the suspect’s home to ask that he shoot his gun on the other side of his yard because the gunfire was making his baby cry. However, the suspect refused, charged into their home, and opened fire. He then fled the scene without leaving a…
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