South State Correspondent
MARCH 13, 2023
While we will cover the general lessons HERE , in this article, we wanted to focus on the root cause – how and why interest rate risk caused the second-largest bank failure in US history (Washington Mutual was the largest in 2008). Equally important is the bank’s securities duration, as shown in the graph below.
The Financial Brand
JULY 2, 2023
This article What Bank & Fintechs Must Know About Washington’s New Guidance on Partnerships appeared first on The Financial Brand. This article What Bank & Fintechs Must Know About Washington’s New Guidance on Partnerships appeared first on The Financial Brand.
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Independent Banker
SEPTEMBER 25, 2014
As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”. Implicit in managing operational risk is for banks to continue to maintain adequate capital and a solid balance sheet, he says.
Independent Banker
NOVEMBER 25, 2015
“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).
South State Correspondent
MARCH 15, 2023
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. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.
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