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Ant Group Overhauling Operations To Satisfy Chinese Regulators 

PYMNTS

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. Chinese financial regulators called Ma and his leadership team to answer questions on the eve of the company’s stock market debut.

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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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Expected changes at CFPB under new leadership highlighted in Ballard Spahr webinar

CFPB Monitor

The webinar looked at the changes that the CFPB is likely to undergo under the leadership of Messrs. Alan Kaplinsky, a member of the firm’s Consumer Financial Services Group, moderated the webinar. Chopra and Uejio and how the two men are likely to approach the use of the CFPB’s regulatory, enforcement, and supervisory authorities.

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Stifel Launches Lending Unit For Startups And Their Investors

PYMNTS

has announced the launch of a venture banking and lending business to provide debt capital financing and commercial banking solutions to growth companies and their investors. We view Venture Banking and Lending as an attractive loan and deposit growth vehicle, and we’re excited to be in the market with these new capabilities.”.

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Sterling Bancorp Names Leaders Of Innovation Finance Group

PYMNTS

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.

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This week’s podcast: What every CEO and General Counsel needs to know about new CFPB Director Chopra, with special guest Raj Date, Managing Partner of Fenway Summer LLC

CFPB Monitor

We discuss how the CFPB is likely to approach key areas under Mr. Chopra’s leadership, including fair lending and digital redlining, technology/fintech, and mortgage lending and servicing. We also discuss whether Director Chopra will revisit CFPB rulemaking for small-dollar lending, debt collection, or arbitration.

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14 Reasons Why You Should Grow Your Pega Career at Perficient

Perficient

The Pega team consists of a rational, forward thinking, and extremely dynamic group of people who strongly believe in doing the right thing,” Udy Sharma , Director, Automation continues. As a result, you get to know everyone in the group really well and will most likely work with them all at some point. Be Part of an Inclusive Team.