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7 Possible Causes of SVB Failure and Predicting the Impact on Regulatory Reporting

Perficient

Short Capital? SVB Financial had Tier 1 risk-based capital of 15.40% as of December 31, 2022, over 80% higher than the 8.50% regulatory required ratio. Including reserves, the parent company had Total risk-based capital of 16.18%, more than 50% higher than the required ratio of 10.50% for large banks. Tier 1 leverage 8.11

Report 474
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Healthcare Tech Company Truepill Raises $75M To Expand

PYMNTS

Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC., Annie Lamont , managing partner at Oak HC/FT, said her firm joined Truepill as the company advances its vision, expands its platform and works to shape the future of healthcare.

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New Unemployment Claims Down 48K To 709K

PYMNTS

24 were in Hawaii (9.9), California (8.9), New Mexico (8.5), Nevada (8.2), the Virgin Islands (7.1), Massachusetts (7.0), Puerto Rico (6.9), Georgia (6.8), District of Columbia (6.5) The highest insured unemployment rates in the week ending Oct. and Alaska (6.1). The highest insured unemployment rates in the week ending Oct. and Alaska (6.1).

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. • Liquidity risk management and adequacy of contingency funding plans. • Vendor and third-party management processes. The OCC on Oct.

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Policygenius Notches $100M For InsurTech Growth

PYMNTS

as well as venture capital operations powered by Massachusetts Mutual Life Insurance Co., In separate news, insurance purchasing and management platform Huckleberry notched $18 million in a Series A funding round in December led by Tribe Capital, with participation from Crosslink Capital, Uncork Capital and Amaranthine.

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Bitcoin Daily: Companies Give Crypto Ads The Boot, Ford Gets Vehicle-To-Vehicle Crypto Patent

PYMNTS

In hedge fund news, Morgan Creek acquired Full Tilt Capital LLC two months after that firm decided to dedicate a fund to crypto businesses, Bloomberg reported. The deal’s terms were not available, but Morgan Creek has $1 billion in assets under management (AUM). August Capital led the round, with other firms also participating.

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BinDawood Prepares First Middle Eastern IPO Since COVID-19

PYMNTS

GIB Capital and NCB Capital on the IPO. In February, Reflexis Systems , a Massachusetts provider of workforce management, announced a partnership with BinDawood. Additionally, it is planning to open 90 stores by the end of 2020. Bloomberg reported that BinDawood is working with Goldman Sachs Group Inc., Moelis & Co.