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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. Notably, most community banks’ duration risk is in the loan portfolio.

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Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. Levey added that he is confident that Emmett’s “leadership will help make Libra's vision a reality.". “I Libra Association, launched in June 2019, describes itself as an “independent member organization.”

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Do you want a more engaged team? Here is an approach

Perficient

Indeed does a great job of breaking down the different roles management and leadership play in initiatives like team engagement: Leadership is often based on a mission, while management is often based on a specific task being completed. Management is more quantitative, while leadership is more qualitative.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S.

Community 195
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How To Improve Uninsured Deposit Performance

South State Correspondent

Apply further rising rates, social media amplification of rates or risk, general sensitivity to safety, greater competition, or a credit shock to the deposit holding institution. This is one of the great mysteries of community banking. Almost every community bank touts its commitment to the relationship.

How To 195
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Acting Director Uejio asks for report highlighting companies with poor track record in responding to consumer complaints

CFPB Monitor

He also raised concern about “disparities in some companies’ responses to Black, Brown, and Indigenous communities” found by consumer advocates. (He Help ensure homeowners and renters can access HUD-approved housing counseling organizations to help them manage the challenges they face due to financial hardships brought on by COVID.

Company 148
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Rebeca Romero Rainey: Do today for tomorrow

Independent Banker

“As community bankers, making the next right choice today will ensure we have a strong, flourishing future.”. I’ll be looking forward to continuing our conversations virtually and connecting via social media and other channels. We have entered a challenging environment, to say the least. Where I’ll be this month.