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Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. 8) Deposit Impact of SocialMedia: SVB’s customer base and followers were highly active on Twitter and other socialmedia properties.
Start with these seven key takeaways: Recognize phishing attempts: Clients should understand common tactics used in phishing and exercise caution with emails by checking the sender’s address for anything unusual. Clients should also be wary of socialmedia scams. According to the FTC , $2.7
Management will also gain credibility by keeping the board apprised of regulatory responses to the current crisis, including examination stressors, peer regulatory events and potential changes to capital, FDIC insurance and stress-testing requirements.
But for this exercise, I leaned on my family. The subtitle came from a virtual conference where Jelena McWilliams, the FDIC Chair, said those words. Before release, I noticed that two of my socialmedia contacts that served financial institutions and financial technology companies penned their own tomb: Beyond Good.
Are you going through a similar exercise? K Bank - In today''s abbreviated texting and socialmedia world, this is a bad name, K? Innovative Bank - Through the worst banking crisis since the Great Depression, only about 5% of FDIC-insured financial institutions failed. And hence the title for this blog post.
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