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I believe the entire executive is without a job. Likewise with board. Shareholders will be able to get what they can that is left over after depositors are made
by FireBeyond 4y ago
I believe the entire executive is without a job. Likewise with board. Shareholders will be able to get what they can that is left over after depositors are made whole, but that seems like it will be effectively zero.
As for consequences beyond that? Unsure.
Hopefully the CEO (now on his second failed bank) doesn't "fail upwards". I mean it's one thing to have a poorly performing bank on your resume... it's another to have two banks forcibly closed by the FDIC.