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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. Look for more formal education teaching bankers how to talk to customers about FDIC insurance, bank safety, and liquidity concerns.

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Fizzle Of The Week: Bitcoin — The Bad Neighbor

PYMNTS

Power usage in Quebec had been very stable until recently — and flat — such that the city was generating past its need and considered selling its power to the state of Massachusetts, a move which would allow the state to deliver on its goal of bringing more green power sources, while Quebec would get a revenue bump. Mom ‘n pop to sell out?

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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

Companies that seek to issue stablecoins will have to get approval from the Fed, the FDIC and other regulators at least six months prior to launch. The Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure that would underpin digital dollar issuance.