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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. Securities 4a.

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Senators Want FTC Probe Into Amazon On Capital One Breach

PYMNTS

Democratic Senators are calling on the Federal Trade Commission (FTC) to conduct an inquiry into Amazon regarding the Capital One breach, The Wall Street Journal reported on Thursday (Oct. The Capital One hack in July exposed data tied to over 100 million individuals in the United States. Senate Finance Committee head Sen.

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Eximchain Secures $20M For Blockchain Platform

PYMNTS

Eximchain , a blockchain-based platform developed in the Massachusetts Institute of Technology’s media lab, has raised $20 million for its supply chain financing solution. Reports in BlockTribune on Monday (March 19) said Eximchain raised the investment from China-based cryptocurrency hedge fund FBG Capital.

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Warren presses Capital One CEO for more details about breach

Payments Source

The Massachusetts senator asked Richard Fairbank in a letter why the bank didn’t detect the breach for nearly four months and how it plans to prevent future cyber intrusions.

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Neiman Marcus Emerges From Chapter 11

PYMNTS

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Security measures to deter and detect cyber-attacks. The OCC on Oct. It measures 1-5, with 1 being the best score an institution can receive and 5 the worst). • Vendor and third-party management processes. • Traditional control processes (such as audit, loan review, internal controls and due diligence).

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Cybersecurity USA: The Country’s Most Well-Funded Cybersecurity Startups On One Map

CB Insights

These are (in descending order): Virginia, Massachusetts, New York, Texas, Maryland, Florida, Colorado, and Washington. Following Tanium is Maryland’s continuous network monitoring company Tenable Network Security with $302M raised to date, and then California-based smart phone security company Lookout , with $281M.