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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). More importantly, the bank’s held-to-maturity (HTM) securities portfolio was $91.3B

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Today In Retail: Bed Bath & Beyond Completes Sales Of Cost Plus World Market; Starbucks To Help Out Washington State With Vaccine Distribution

PYMNTS

In today’s top retail news, Bed Bath & Beyond said it has finished its sale of Cost Plus World Market (CPWM) to a private equity firm, while Starbucks will help Washington state with the distribution of coronavirus vaccines. announced that it has completed its sale of Cost Plus World Market (CPWM) to Kingswood Capital Management.

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Washington Capital Gains Tax Update

TrustBank

You may recall that in 2021 Washington state passed legislation to implement a 7% capital gains tax on certain asset sales, with the tax applying to profits that exceed $250,000. For general questions on this tax and how it might affect you, please feel free to reach out to your Relationship Manager.

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Report: Washington Post’s Arc Publishing On Delivering Digital Payments Choice

PYMNTS

The trouble then becomes how to maintain and manage payment systems that use multiple payments integrations at once. Many businesses use payment integrations to flexibly build their web presences, but separately managing these myriad integrations can sap time and burn through resources.

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Square Partners With Washington Nationals To Offer In-Seat Concessions

PYMNTS

Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports. Fans can use the Square-owned Caviar app and the Square POS terminal to order everything from food to beer and wine while enjoying the game from the stands.

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Washington Long-Term Care Program – Did You Know We Have One?

TrustBank

The below is a discussion of the new Washington Long-Term Care Program. What Is the Washington Long-Term Care Program? The Washington Long-Term Care Program is the nation's first public state-operated long term care insurance program. All employees employed in Washington will be required to pay taxes into the Program.

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Things worth reading: 15th May 2020

Chris Skinner

How to fight an economic crisis in a monetary union Goldman Sachs to buy boutique wealth management custodian Folio Washington fires its … The post Things worth reading: 15th May 2020 appeared first on Chris Skinner's blog.