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Biden says bank executives need to be held accountable in wake of First Republic collapse
2 years ago
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President Joe Biden said he has called on Congress to aid federal regulators in holding bank executives accountable after regional bank First Republic collapsed over the weekend. On Monday, regulators sold First Republic to financial conglomerate JPMorgan Chase. Biden told attendees Monday at the White House National Small Business Event that depositors are protected and taxpayers wouldn’t foot the bill for the deal.
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