The Federal Deposit Insurance Corporation is looking into potential misconduct by executives and board members of First Republic bank, raising the prospect of penalties for the failed bank’s former bosses, Reuters’ Douglas Gillison and Chris Prentice report. “We can confirm a D&O probe into First Republic is taking place,” a spokesperson told Reuters.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>