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Fair Value Accounting and Silicon Valley Bank Failure

South State Correspondent

Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run. The root cause of Silicon Valley Bank’s (SVB) failure is poor risk management – plain and simple.

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As Tech Transforms Treasury Management, Abandoning The Swivel Chair

PYMNTS

That’s a metaphor, of sorts, and a caution for treasury management professionals as they navigate their swivel chairs, swiveling between spreadsheets on their desks, computer screens on desktops and even apps on their phones and tablets. But getting the minutiae of the operations requires being backward- and forward-looking.

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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. Non-interest-bearing accounts, of course, have much longer average lives, while CDs have much shorter average lives.

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Virtual Roar Of The Crowd Enough For ‘Virtual’ Fandom Amid Pandemic?

PYMNTS

Sporting events come to mind, of course. As reported by CNBC , the latest forays into “virtual” crowds extend a partnership that the NFL has had in place with Microsoft since 2013, where Microsoft Surface hardware is deployed to help run operations. But a total recreation is out of the picture, of course.

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Branching Into Social Media

Social Assurance

Social Media is no longer a person nor is it a department. In a time where branches are closing and many banks are moving to become more centralized, social media is decentralizing. In the 90’s we used email much like many use social media today. Social media has begun to take much of the same course.

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Libra’s Regulatory Wish List For — And From — The Swiss

PYMNTS

Treasury official Sigal Mandelker, who serves as undersecretary of the Treasury for Terrorism and Financial Intelligence, said cryptocurrencies that operate anywhere in the United States will have to comply with regulations that target fraud. Granting a license would be contingent on managing those risks, according to reports.

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For Payments Firms, Trade Deal’s First Step In Long Journey Into China

PYMNTS

Each country will “be able to operate openly and freely in the jurisdiction of the other Party without any force or pressure from the other Party to transfer their technology to persons of the other Party.”. billion, and more recently, there has been an investigation launched into TikTok , the social media and streaming app.

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