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Deposits, Deposits, Wherefore Art Thou? Juliet’s banker. 

Perficient

On May 31, the Federal Deposit Insurance Corporation (FDIC) reported to the public what many banks already knew and had been experiencing for the past year – that deposits are declining in the American banking sector. There has almost been $1.2 Trillion removed from the banking system over the past year.

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FDIC issues cease and desist letters alleging false or misleading representations about deposit insurance on crypto-related products

CFPB Monitor

On August 19, 2022, the FDIC issued cease and desist letters to five crypto companies, alleging they made false and misleading statements about FDIC deposit insurance and demanding immediate corrective action. According to the FDIC’s press release , “[b]ased upon evidence collected., Part 328, Subpart B.

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Top 10 Crypto scams to look for in 2023

Abrigo

Crypto market a perfect environment for fraud. The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector," read a joint statement from the Federal Reserve, FDIC, and the OCC. Growing popularity. The invested crypto goes straight into the scammer's wallet.

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Fighting Fraud with… Fake Fraud?

Bank Innovation

The most vulnerable point in a bank’s network today might just be Bill over in marketing — or any employee. Humans are by nature vulnerable to social engineering and may discuss where they work on social media — LinkedIn is a treasure trove for would-be bank hackers.

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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

On the liability side of SVB’s $173B in deposits at the end of 2022, approximately 97% were uninsured and above the $250k in FDIC protection threshold. The customer segment is such that they tend to follow each other and are active users of social media. The bank’s available-for-sale (AFS) portfolio was $26.1B

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In Rough Times, a Confident Board is the Best Asset

Gonzobanker

Increase both the frequency and specificity of board updates As board members scroll headlines and hear pundits daily, it’s critical that management provides flash industry updates outlining overall industry market moves and how these shifts do or do not correlate to the bank’s specific conditions.

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Trust: Once Again the Most Precious Currency in Banking

Gonzobanker

Irvine Sprague, Former FDIC Director So Gonzo Bankers … how many of us have been hesitant lately to check our iPhone each morning to see what trouble may have hit the fan in the financial world during a few restless hours of slumber? It’s a good time to surround the executive team with a diversity of smart advisors and capital market players.