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FRC bailout #2 | Suing the auditors (KPMG)

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Here's an outline of the First Republic Bank bailout proposed being touted according to CNBC. It raises many questions from an accounting standpoint.

Let's pull together some key points we covered in our recent updates:

- If the economics of a fresh capital ...


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FRC bailout #2 | Suing the auditors (KPMG)

Limited scope for regulatory forbearance as auditors come under pressure on fair value disclosures.