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Risk of Derivatives – The Fall of an Index

South State Correspondent

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations.

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Industry Slant // Bo Berg Talks Giant Schnauzers, DJing, Financial Services

Perficient

I eventually got headhunted to work for City National Bank in Los Angeles. MM: So, you started at City National Bank, and was the bank online before you got there? MM: You played a variety of roles at City National Bank. How do you think it will change the way financial services organizations operate? BB: 19 years.

Industry 539
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Pentagon’s Vendor Payments Eyed In Bipartisan Bill

PYMNTS

The legislation would make current policy directives under the Office of Management and Budget into permanent law. The publication said Enzi noted that prompt payment to government contractors is “common sense,” citing his history as a small business owner and emphasizing the importance of timely invoice payments to manage cash flow.

Wyoming 100
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The Top 20 Venture Capitalists

CB Insights

15 of the top 20 operate in the Greater Bay Area. Operating Location: San Francisco, CA. Operating Location: San Francisco, CA. Operating Location: Philadelphia, PA. Operating Location: Menlo Park, CA. 11 of the top 20 worked in big tech prior to entering VC. Current Firm: Benchmark.

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CFPB announces advisory committee members

CFPB Monitor

Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA). Leigh Phillips, President and CEO, EARN DBA SaverLife (San Francisco, CA). Rebecca Steele, President/CEO, National Foundation for Credit Counseling (Washington, DC). Mae Watson Grote, Founder and CEO, The Financial Clinic (Brooklyn, NY).

DC 78
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CFPB announces new appointments to advisory groups

CFPB Monitor

Lynn Drysdale, Managing Attorney, Consumer Law Unit, Jacksonville Area Legal Aid, Inc., Paulina Gonzalez, Executive Director, California Reinvestment Coalition, San Francisco, CA. Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Jacksonville, FL. William Howle, Head of U.S.

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Closing the gate: House adopts ENABLERS Act amendment to 2023 NDAA

CFPB Monitor

On July 13, 2022, the House of Representatives (the “House”) adopted an amendment to the 2023 National Defense Authorization Act (“NDAA”) offered by Maxine Waters (D. There is a national election coming up, so the amendment’s passage is hardly a pre-ordained conclusion.