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Senator Warren Grills First Republic's Former CEO on Mismanagement and Lobbying.

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Source: Reuters
Senator Warren Grills First Republic's Former CEO on Mismanagement and Lobbying.
Photo: Reuters
TL;DR Summary

Senator Elizabeth Warren has accused First Republic Bank executives of "mismanagement" and raised questions on the failed lender's risk management as well as pay and bonuses. Regulators seized troubled First Republic Bank and JPMorgan Chase agreed to buy majority of its assets earlier this week, marking the largest U.S. bank failure since the 2008 financial crisis. Roffler, the former CEO of First Republic Bank, has been asked to submit responses by May 17.

Topics:business#bank-failure#elizabeth-warren#executive-pay#finance#first-republic-bank#risk-management
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  1. Senator Warren blames First Republic executives for "mismanagement"  Reuters
  2. Sen. Elizabeth Warren Seeks Information From First Republic's Former CEO - WSJ  The Wall Street Journal
  3. Senator Warren Presses First Republic's Former CEO on Pay, Lobbying  Bloomberg
  4. Senator Warren Presses First Republic’s Former CEO on Pay, Lobbying  BNN Bloomberg
  5. U.S. Senator Elizabeth Warren blames First Republic executives of 'mismanagement'  The Globe and Mail
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