Scott Shay and Greg Becker Face Criticism for Congressional Testimony on Bank Collapses
Scott Shay and Greg Becker criticized for their congressional testimony The two executives were careful to shift the blame for the bank collapses onto "alarmists" and regulators Both received hefty bonuses shortly before the organizations collapsed Th ...
First Republic Bank Faces Seizure as Customer Capital Outflows Exceed $100 Billion
In March, customer capital outflows from the organization exceeded $100 billion With the bank "up to its neck" in debt First Republic Bank's stock has fallen more than 50% Bankers expect it to be seized as soon as First Republic Bank could ...