WASHINGTON, Nov. 19 (TNSrep) -- The Government Accountability Office issued the following report:

Here are excerpts:

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Fast Facts

Bank failures in 2023 raised questions about federal regulators' ability to promptly address unsafe banking practices.

For this report, we reviewed documents from 60 institutions, interviewed 109 bank examiners, and more. We found weaknesses in regulators' processes for addressing issues.

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