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Bloomberg Daybreak Weekend: A Week of Bank Chaos

Bloomberg Daybreak: US Edition

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Financial Reporting Control

"We acknowledge that we have a material weakness in the financial reporting control, which we are addressing and remediating forcefully," he said. But outflows have not reversed, but they've actually lowered. "That is obviously, you know, they cause hand in hand as you work together with your auditor, but it's a collective finding and we are addressing it."

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