Sen. Elizabeth Warren has written to First Republic’s former CEO with questions on executive pay, bank support for rolling back regulations and management practices ahead of its collapse
WASHINGTON—Sen.
Elizabeth Warren has written to the former chief executive of failed First Republic Bank asking for more information on his and other executives’ pay, their support for rolling back bank regulations and management practices ahead of the“You owe your customers and the public an explanation for the decisions that resulted in the costly failure of your bank,” Ms. Warren wrote to Michael Roffler, the CEO when the bank collapsed.
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