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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. The AOCI is an accounting adjustment meant to reflect the economic value of assets.

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Understanding US Market Returns in Presidential Election Years

TrustBank

Recently, many of our clients in Wealth Management & Advisory Services have been understandably curious about how this year’s elections might affect market returns. The uncertainty surrounding policy changes and potential shifts in US Presidential leadership can lead to short term changes in stock prices and investor sentiment.

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EU Nominates IMF’s Lagarde To Become President Of ECB

PYMNTS

Lagarde, a former French finance minister, would be effective in building consensus, said Prasad, “but whether she can provide the sort of visionary and creative technocratic leadership that Draghi brought to the job remains to be seen.” Draghi’s term ends on October 31, 2019.

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

The company helped build the Libra Association, a new organization incorporated in Switzerland, that would manage the currency. The news comes as Mark Zuckerberg , Facebook’s chief executive officer, concluded three days of discussions this month with movers and shakers in Washington, D.C. And, another legislator, Sen.

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NCR Launches Business Banking Mobile For Community Banks, Credit Unions

PYMNTS

The app will enable community financial institutions (CFIs) to compete with larger financial institutions by providing their business banking customers with iOS and Android access to this secure and easy-to-use account management platform.

El Paso 100
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The AMLA and a Culture of Compliance – More Critical Than Ever

Abrigo

With the 2021 change in administration in Washington, D.C., This topic has continued to be emphasized by FinCEN throughout the years, as demonstrated by former FinCEN Deputy Director Jamal El-Hindi in a 2019 speech centered around national security concerns within our U.S. financial institutions.

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Visa: She’s Next Initiative Goes Global

PYMNTS

earlier this year, the program has hosted workshops in New York, Atlanta and, most recently, Washington D.C. Only 14 percent reported being able to secure a bank loan, and 37 percent noted that funding was hard to find. Since its launch in the U.S. Today (Oct. Building Out A Better Future For Female Entrepreneurs .