PS

Pete Schroeder

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    • The Globe and Mail
      1 article

    Writes Most On

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    • FDIC says it should have supervised First Republic more closely
      —The Globe and Mail
      The Federal Deposit Insurance Corp should have been more aggressive in policing First Republic Bank’s N/A risk management prior to its May failure, but it was unclear if that would have saved it given the speed with which depositors yanked their money, the agency said. FDIC said in a report published Friday that a loss of market and depositor confidence ultimately sank the California-based lender, which was the second-largest bank to collapse in U.S. history. It also laid blame at the feet of...