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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. Look for more formal education teaching bankers how to talk to customers about FDIC insurance, bank safety, and liquidity concerns.

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ATMIA Weighs In On Cashless Retail Ban Debate

PYMNTS

As quoted in the National Law Review , the councilman, citing data from the FDIC that black and Hispanic households are more likely than their white counterparts to be underbanked or unbanked, has said that “the cashless marketplace sends an exclusionary message — that the impoverished, the homeless, the underbanked, the undocumented need not apply.

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Bankers and Strategic Bets. A Slow Embrace.

Jeff For Banks

When I wrote that post in January 2011 there were 7,700 FDIC insured financial institutions. They can be a strategic shift of your franchise, a new product line, or a new operating environment. billion in assets Massachusetts bank developed Zrent so it's landlord customers could more efficiently collect rent from tenants.

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Fizzle Of The Week: Bitcoin — The Bad Neighbor

PYMNTS

Which means bitcoin mining operations have come running and “are plugging into that power supply like a swarm of hungry mosquitoes,” according to the mayor. s National Health Service roped their visitors into similar virtual money-minting operations, as have Aviva, the British insurance firm, and Gemalto, the Dutch digital security company.

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