Governance, Operational Resilience, Regulation & Supervision

Eight epic fails which brought down First Republic

By Ellesheva Kissin
Image: Getty Images

A US regulator’s analysis of why First Republic Bank failed pins the blame on loss of depositor confidence, interest rate failures – and huge holes in its own oversight.

The damning report, conducted by Federal Deposit Insurance Corporation chief risk officer Marshall Gentry, scrutinised the bank from 2018 ...

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