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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

While we will cover the general lessons HERE , in this article, we wanted to focus on the root cause – how and why interest rate risk caused the second-largest bank failure in US history (Washington Mutual was the largest in 2008). The customer segment is such that they tend to follow each other and are active users of social media.

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October.

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Facebook’s News Accelerator Nets Extra $5M For Local Newspapers

PYMNTS

But David Grant, the Accelerator’s program manager, said that about 99 percent of the program has nothing to do with Facebook. Also in January, the social media giant opened a 130,000-square-foot office in Cambridge , Massachusetts. It’s not about Facebook tools and services,” Grant noted.

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Facebook Adds New Lobbyists In Libra Push

PYMNTS

The social media giant has been facing a lot of scrutiny over Libra, from lawmakers and regulators all around the globe. He used to be the managing director of Credit Suisse Securities, and he has other clients that include Delta Air Lines and the American Financial Services Organization.

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Five At Five: Facebook’s AR Push

PYMNTS

Coverage includes news about new social media ads and Google ’s new payment offering. As a growing number of restaurants in Washington D.C. Welcome to Five at Five, your late look at the day’s payments and commerce news. Facebook Testing AR Ads In News Feed. The service will be available to a select group of advertisers.

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Five tech trends to set banks apart in the post-digital era

Accenture

African-American inventor, scientist and botanist George Washington Carver, summed it up like this: “When you do the common things in an uncommon way, you’ll command the attention of the world.” Late 19th century American farmers, threatened by industrialisation, had to use new tools and techniques to innovate and survive.

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RILA On How United States Retailers Are Responding To Changing Privacy Rules

PYMNTS

California Consumer Privacy Act (CCPA), Washington Privacy Act (WPA) and other new privacy and online transaction standards are changing how businesses interact with consumers’ data in the U.S. states are starting to implement new standards, too, with the CCPA introduced two months ago and WPA on the path to ratification in Washington.