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US prosecutors probe trading by First Republic's former employees - Bloomberg Law

Summary by Ground News
U.S. prosecutors are reviewing stock trading by some of First Republic Bank's employees during the lender's recent collapse. The Justice Department is looking at whether anyone working at the firm used inside information in transactions as it was crumbling. The probe, which is at an early stage, is also scrutinizing the company's financial disclosures.

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US prosecutors probe trading by First Republic's former employees - Bloomberg Law

U.S. prosecutors are reviewing stock trading by some of First Republic Bank's employees during the lender's recent collapse, Bloomberg Law reported on Wednesday, citing people familiar with the matter.

·United Kingdom
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BloombergBloomberg
Lean Left

Former First Republic Employees Face DOJ Probe Over Stock Trades

US prosecutors are reviewing stock trading by some of First Republic Bank’s employees during the lender’s recent collapse, according to people familiar with the matter.

·United States
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Bias Distribution

  • 50% of the sources lean Left, 50% of the sources are Center
50% Center
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Bloomberg broke the news in United States on Wednesday, May 24, 2023.
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