What do banks do background checks on for Summer analyst?

I know these checks happen in the spring but was just wondering what they look at? Do BB banks ask for transcripts for SA? Stressin cuz the gpa might take a hit this semester, don't want the offer to get rescinded and be outta luck for SA.

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Do you have to send the most recent transcript? or can it just be your transcript till the date of when you applied?

 

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