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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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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.

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Interactions Raises $56 Million In New Funding

PYMNTS

But Interactions , a 12-year-old virtual assistant startup out of Franklin, Massachusetts, has been amping up its language processing tech in order to meet full “functionality,” according to TechCrunch. 9) that it had secured $56 million in funding led by Revolution Growth, NewSpring Capital and Comcast Ventures.