Remove Capital Remove Leadership Remove Management Remove Washington
article thumbnail

Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets. That combination made their liabilities very sensitive to safety.

article thumbnail

Visa Taps Chris Newkirk To Serve As Chief Strategy Officer

PYMNTS

“Chris will be a great addition to the executive team, not only because of the deep payments expertise he brings, but also for his passion for people and excellent leadership,” Kelly said in the announcement. “I Before that time, Newkirk served as a McKinsey & Company consultant in Washington, D.C. and New York. and New York.

Strategy 131
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best Community Banks to Work For 2022

Independent Banker

An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. Swenson’s goal has been to create a team of individuals who can manage themselves but also function well together.

article thumbnail

Visa: She’s Next Initiative Goes Global

PYMNTS

earlier this year, the program has hosted workshops in New York, Atlanta and, most recently, Washington D.C. Not much of a surprise, she noted, since the data also indicated that three-quarters of all dollars raised out of venture capital sources flow to firms with entirely male founding teams. “We Since its launch in the U.S.

article thumbnail

EBay’s CEO Resignation A Pyrrhic Activist Victory?

PYMNTS

For his part, Wenig has said that he and the board were not “on the same page,” according to The Washington Post. Most immediately, at the top of the management ladder, Scott Schenkel, senior vice president and chief financial officer has been appointed interim CEO by the board. Controversy Over Classifieds?

article thumbnail

AI Assistants Sizzle While Wells Fargo Continues To Reinvent The Concept Of Fizzling

PYMNTS

There was the first meeting with legislators — the Senate Banking Committee to be specific — where CEO John Stumpf managed to create one of Washington’s few moments of partisan agreement. Elizabeth Warren (D-MA) accused him of “gutless leadership.”. That debt had been sold by Wachovia’s capital markets division.

Fraud 162
article thumbnail

The Mother List of All Banking Books

Jeff For Banks

2019 Mehrsa Baradaran Baradaran, Mehrsa The Color of Money: Black Banks and the Racial Wealth Gap 2019 Neil Barofsky Barofsky, Neil Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street 2012 Patricia Beard Beard, Patricia Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley 2007 Ben S.

America 78