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Cryptopolitan 2023-05-17 13:42:44

Ex-First Republic CEO points to banking contagion as cause of collapse

In an unexpected turn of events, the former CEO of First Republic Bank, Michael Roffler, attributed the bank’s unprecedented downfall to the ripple effects of the collapse of other regional banks. Testifying before the Senate Banking Committee on Wednesday, Roffler painted a picture of a financial institution caught in an industry-wide panic, leading to a ... Read more

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