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First Republic Bank becomes the latest major bank to go under this year, and the suspect in a mass shooting in Texas has vanished and police have "zero leads." Plus, the best deals for Cinco de Mayo on Friday, and myths about water safety for young children that parents need to know.
First Republic Bank has become the third major bank to go under in less than two months after being taken over by federal regulators and sold to JPMorgan Chase, the largest bank in America. The FDIC announced this morning that it has seized First Republic, and that JP Morgan will be purchasing substantially all of the bank's assets and deposits. First Republic ($229.1 billion in assets) eclipsed Silicon Valley Bank as the second-largest bank failure in U.S. history. The move comes days after the bank reported losing about 40% of its deposits in the first quarter this year when customers pulled their money out and moved it to banks seen as safer and offering better returns. About 70% of First Republic's deposits were uninsured, meaning they were larger than the FDIC's $250,000 guaranteed limit. Here's the latest.
A man suspected of using an AR-15 rifle to kill several of his neighbors appears to have slipped past a 2-mile dragnet of more than 150 law enforcement officers outside Houston. Francisco Oropesa, 38, is suspected of opening fire on a house full of adults and kids on Friday, killing five people, including a 9-year-old boy, after one complained that gunshots coming from his property were keeping a baby from sleeping, police said. Authorities said that Oropesa may have been drunk before the attack, and police acknowledged previous reports of gunfire on his property. Law enforcement officials said they have been in contact with Oropesa's wife but are "running into dead ends." Here's the latest.
Popping open the fridge to grab a healthy snack only to find rotten fruits and veggies can be exasperating, especially when you feel like you were just at the grocery store. A professor of nutrition from New York University tells us that keeping food fresh is all about maintaining moisture levels, so using vented containers or your fridge's crisper drawer is key. Another food safety expert shared tips on what to avoid when storing food, and our Shop TODAY team has a highly rated vented container you can buy right now to help your fruits and vegetables last longer.
End this week in style with a Cinco de Mayo celebration that includes discounts from a host of restaurant chains. We have all the deals you can score on the holiday from tacos to margaritas at Buffalo Wild Wings, Miller's Ale House, Taco Cabana and more. See them all here.
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Take it from a trio of Olympic swimming greats — using floaties or a puddle jumper for your child at the pool is a must, but those alone aren't enough to keep him or her safe. Gold medalists Missy Franklin, Cullen Jones and Rowdy Gaines shared some important tips and identified some myths about water safety for children ahead of the summer season. "I think floaties are a good tool that get kids used to the water, but they shouldn't be used as a crutch," Gaines told TODAY.com. "I'm begging parents not to take their eyes off their children when they're in or around water." Here's what parents need to know and why floaties and even lifejackets are not an excuse to leave children unattended.
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Imagine eating a pizza and fries, but they're actually good for you. TODAY's Joy Bauer has pulled off that magic trick with her pizza peppers and carrot fries. Turkey with Italian seasoning makes for a perfect topping to go with mozzarella and parmesan smothered on bell peppers, which serve as a sweet and tangy low-carb crust. Get the recipes here.
Daily Delight
A little pick-me-up before you go.
Jack is back! Legendary actor and diehard Los Angeles Lakers fan Jack Nicholson, 86, made a rare public appearance over the weekend at the Lakers' 40-point rout of the visiting Memphis Grizzlies. It was the first time Jack was seen courtside at a Lakers game since 2021, and it came as Los Angeles won their first-round playoff series to advance to the Western Conference semifinals. The three-time Oscar winner attended the game with his son, Ray, and grandson, Duke. He was seen mingling with "Curb Your Enthusiasm" star Larry David and sharing a quick pregame exchange with Lakers superstar LeBron James. Nicholson has been a Lakers season ticket holder since 1970. See more photos and video here.
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First Republic Bank is taken over by the FDIC and sold in the 3rd major bank failure of 2023.
How to properly store fruits and vegetables to stop wasting food and save money.
Celebrate Cinco de Mayo with these spicy restaurant deals and freebies.
