Multiple banks submitted final bids last night to buy San Francisco based lender First Republic Bank in an auction by us regulators.

The Federal Deposit Insurance Corporation, or FDIC, asked up to six banks, including JP Morgan Chase co., PNC Financial Services Group in.., and Bank of America to place bids after gauging interest late last week. Shares of First Republic plummeted last week following news that customers had withdrawn $102 billion since last month, as it grappled with holding fixed rate mortgages with low interest rates.

First Republic is mostly in the business of lending to homeowners, and for the most part, to individuals with very high credit scores. Almost 60 percent of its loans were single-family mortgages. In March, 11 banks, including JP Morgan, deposited $30 billion into First Republic to shore up its finances. Following the drop in stock price, the company’s market value has fallen to $650 million.

The agreement was reached and announced before US stock markets opened this morning.

~United Network News

During the upcoming October Synod of bishops, seventy non bishop’s fifty percent of whom are female will have a say in voting on doctrinal changes.

This group includes priests, deacons, consecrated men and women, and laity. Five men and five women representing the church’s institutes of consecrated life will also vote. A representative for the Vatican said that while this is an important change, it is not a revolution as bishops still retain a majority when it comes to voting.

He added that the change was met with much enthusiasm from catholic women’s groups, who had previously picketed the 2018 Synod and circulated a petition seeking equal voting rights for both male and female members of the church. Pope Francis amended church laws in 2021 to officially allow women to read the bible at mass and serve communion, among other changes.

~United Network News

Not only are water and food pricing rising in the up… But so is the corruption stemming from the so-called COVID jabs.

A whistleblower from Britain’s National Health Service has come forward to share her traumatic experience of what she witnessed as a nurse.

NHS is the National Health service of the United Kingdom and most all of the commonwealth nations. NHS is fully funded by the government.