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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

I – like many – will use technology to move my money but keep my account open – costing the bank money. All suffered extraordinary runs on their bank due to large unrealized losses on both HTM and AFS securities, peculiarities in the p/e world, uninsured deposits, crypto, and old school panic via new school technologies and social media.

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Facebook Defends Data Sharing Tool As FTC Compliant

PYMNTS

The social media site just admitted that the data scandal with Cambridge Analytica could involve more users than the originally estimated 50 million. Many of those approximately 87 million users were located in the United States, Facebook Chief Technology Officer Mike Schroepfer said in a blog post. Greg Walden (R-OR) and Rep.

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Facebook’s Mark Zuckerberg Will Testify Before Congressional Panel

PYMNTS

Frank Pallone (D-NJ) — the panel’s top Republican and Democrat, respectively — said in a statement. The social media company said it would either be sending Mike Schroepfer, chief technology officer, or Chris Cox, chief product officer, both of which Facebook said would be “well-placed” to answer questions on the matter.

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