Banks Pay Savers More to Stay Amid Steep Interest Rates
For America’s biggest banks, deposit costs are exceeding interest income for the first time since the Federal Reserve began increasing rates.
Source: pymnts.com
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A Beach Club Dinner and Jamie Dimon's Touch: How PacWest was Rescued
Dimon had taken a keen interest in PacWest since April, when the California lender became engulfed in the broader turmoil hitting regional banks
Source: themiddlemarket.com
Social Media Panic Triggers Banking Risk Management Overhaul: Survey
Two months after the collapse of Silicon Valley Bank (SVB), triggered by a social media-fuelled panic, banking executives ...
Source: theepochtimes.com
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U.S. banks rethink social media as a threat, not a marketing tool
Executives are devising programs and plans to counteract online threats including rumours around the health of the banks that could lead to deposit outflows or weigh on the stock
Source: theglobeandmail.com
Silicon Valley Bank collapse: After days of panic, bank executives can breathe again
One bank CEO shared his personal cellphone number to all 70,000 depositors at his institution, who asked him for personal assurances that everything would turn out OK.
Source: afr.com