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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. 8) Deposit Impact of Social Media: SVB’s customer base and followers were highly active on Twitter and other social media properties.

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Fraud prevention and detection: Empowering clients through education

Abrigo

Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior. Clients should also be wary of social media scams. While interacting with friends and family online can be a fun pastime, social platforms are a feeding ground for fraudsters.

Fraud 195
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In Rough Times, a Confident Board is the Best Asset

Gonzobanker

The strong Gonzo Bankers have managed through the short-term challenges of slowing deposit outflows, shoring up liquidity and capital positions, and communicating with customers. It’s important to demonstrate that management is deeply engaged in responding to outside conditions and all the bank’s stakeholders.

Capital 158
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Squared Away- How It Happened

Jeff For Banks

I will be attending the Financial Managers Society FMS Forum this upcoming June. But for this exercise, I leaned on my family. The subtitle came from a virtual conference where Jelena McWilliams, the FDIC Chair, said those words. I attended the Pennsylvania Bankers' Association Women in Banking Conference the next day.