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Amid Claims Of Bias, White House Plans Summit On Social Media

PYMNTS

The White House is planning a July 11 social media summit that will feature a “robust conversation” about social media companies, according to a report by The Wall Street Journal. This news comes in light of many attacks from Washington on these companies over a perceived liberal bias.

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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

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). The customer segment is such that they tend to follow each other and are active users of social media.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

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. You did not see this kind of support during the failure of Washington Mutual, and you didn’t see it with Silvergate or Signature Bank.

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October.

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Facebook, Google, Twitter To Face Senators Over Allegations Of Removing Conservative Voices From Their Platforms

PYMNTS

Maria Cantwell (D-Washington) initially opposed the subpoena introduced by Chairman Roger Wicker (R-Mississippi), she reversed her vote when Republicans agreed to include language in the subpoena about privacy and "media domination," CNBC reported. Facebook, Google and Twitter have denied the charge.

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Facebook’s News Accelerator Nets Extra $5M For Local Newspapers

PYMNTS

But David Grant, the Accelerator’s program manager, said that about 99 percent of the program has nothing to do with Facebook. Also in January, the social media giant opened a 130,000-square-foot office in Cambridge , Massachusetts. It’s not about Facebook tools and services,” Grant noted.

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Non-Maturity Deposits – A New Machined Learned Framework For ALM

South State Correspondent

Recent bank failures hurting public perceptions, the current market trends of higher rates, Quantitative Tightening, digital banking, social media, and a flight to safety have increased the difference between model and observed liability durations. Here the size and percentage of uninsured deposits are added to the model.