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MogoPlus releases Mortgage Stress Indicator for Australian banks and borrowers

MogoPlus, the global expert in bank transaction data insights, has today launched a Mortgage Stress Predictor, a predictive insights solution to help banks and borrowers proactively manage the looming fixed rate cliff and prevent customer financial stress.
Mike Page Mortgage Stress Predictor Reserve Bank Mogoplus Mortgage Stress Predictor Sacha Close Risk Australia

CNN CNN Newsroom June 4, 2024 19:16:00

I know you are skeptical about that argument. why? >> i think if you look in particular in silicon valley bank what you see is a business model that was questionable to begin with. their customer base of depositors were narrow, all venture capitalists when one gets in trouble they all get in trouble and when one wants their money back. at the other end they had this heavy concentration of long-term treasury as their capital, and they didnt manage a knowable interest rate risk. there was no surpr...
Silicon Valley Bank Business Model Venture Capitalists Customer Base Federal Reserve Interest Rate Risk

Avelacom sets up low latency point-of-presence at Tel Aviv Stock Exchange

Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, today announces that it has increased its presence in Israel by partnering with the Tel Aviv Stock Exchange (TASE) and setting up a new point-of-presence (PoP) in TASE’s primary data center.
New York United States United Kingdom Tel Aviv Issac Nissan Aleksey Larichev

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CNN CNN Newsroom June 4, 2024 18:06:00

Cash before publicly lining up the financial support they needed to get through this storm. this employee said that was absolutely idiotic, they were being very transparent. its the exact opposite of what you would normally see in a scandal. the argument is this set the stage where a us customers ended up pulling out $42 billion on thursday alone in a classic run on the bank. that is a huge amount of money almost a quarter of the banks total deposits and by the end of that day, by the close of b...
Hot Money Silicon Valley Bank U S 2 Billion 42 Billion The End

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