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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. That combination made their liabilities very sensitive to safety.

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Spreedly Fills Three Top Roles

PYMNTS

Open-source payments software producer Spreedly is growing its leadership team and has named new heads of human resources, technology and marketing, the company announced on Thursday (July 23). “As We are exceptionally well-positioned to grow our leadership in the payments orchestration market.”. Spreedly, based in Durham, N.C.,

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PSCU Taps New Leaders To Advance Products, Innovation

PYMNTS

PSCU has appointed Denise Stevens as senior vice president and chief product officer, while Scott Young will head the product delivery leadership team as vice president of innovation, PSCU announced today (Feb. Stevens will oversee product delivery and management, as well as its innovation teams. Young will report to Stevens. “We

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CFPB files lawsuit against student debt relief company, along with its owner and manager

CFPB Monitor

In its third lawsuit filed under the leadership of Acting Director Uejio, the CFPB, earlier this week, sued Student Loan Pro (SLP), a student loan debt relief company, its owner, and its manager, for alleged violations of the Telemarketing Sales Rule (TSR) and the Consumer Financial Protection Act.

Company 78
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Visa Taps Chris Newkirk To Serve As Chief Strategy Officer

PYMNTS

“Chris will be a great addition to the executive team, not only because of the deep payments expertise he brings, but also for his passion for people and excellent leadership,” Kelly said in the announcement. “I Before that time, Newkirk served as a McKinsey & Company consultant in Washington, D.C. and New York.

Strategy 131
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14 Reasons Why You Should Grow Your Pega Career at Perficient

Perficient

We have active Pega jobs in Washington DC open. With the easy to use interface and unique layer cake design, implementation could be done in a few different ways, so it was fun to discuss how and why each way was best.” — Lindsay Denton , Project Manager, Healthcare. Great Pega Career Opportunities at All Levels at Perficient.

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Biden Picks BlackRock’s Deese To Head National Economic Council

PYMNTS

Deese has been a deputy director for the National Economic Council in the past, and has acted as deputy director of the Office of Management and Budget, and senior advisor to President Obama, CNBC reports. Under Obama's leadership, Deese worked to put together the bailout and reorganization of the U.S. automobile industry.

National 143