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We need to modernize protections for bank whistleblowers ...Middle East
Last month, Silicon Valley Bank (SVB) and Signature Bank collapsed — the second and third-largest bank failures, respectively, in U.S. history. The breakneck speed of their downward spirals suggests a cocktail of gross mismanagement blended with a colossal failure of regulatory oversight. Investigations, oversight hearings, and lawsuits will reveal more details in the weeks and months ahead. As whistleblower lawyers, we know from experience that when it comes to crises like these, there are almost always conscientious employees who provided early warnings to managers and regulators but were ignored or silenced. If we are to prevent future bank failures and protect our economy, we need to
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