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May 16, 2023
Most anyone of my generation can remember the popular TV police drama Hawaii Five-O, starring Jack Lord as Detective Steve McGarrett that ran from 1968 through 1980. It was reprised in 2010 with a new set of characters running for another ten years. “Book ‘em Danno.” was a phrase often delivered...
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April 3, 2023
In the blink of an eye, events during the year’s first quarter turned the banking industry upside down, revealed new risks, added a layer of complexity to the Federal Reserve’s monetary policy decisions and created more questions than answers for bank depositors and investors alike. It also...
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March 23, 2023
Our previous blog, Unintended Consequences addressed the possible impact from recent bank failures on retail depositors. The damage could range from a slight inconvenience to financial ruin if the FDIC failed to cover deposits greater than $250,000. In the case of Silicon Valley and Signature Bank...
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March 17, 2023
The failure last week of two of the country’s largest banks offers a case study in risk mismanagement, the regulators’ responses, and the unintended consequences of both. The collapse of Silicon Valley Bank (SVB) last Friday and Signature Bank of New York (SBNY) on Sunday offered a glimpse into...
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January 5, 2023
December closed the books on a disappointing year for investors. The continuing COVID-19 pandemic, 40-year-high inflation, supply shortages, rapidly rising interest rates, war in Ukraine, and a meltdown of cryptocurrencies took their toll across the board. Equities staged numerous short-lived...
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December 1, 2022
The $32 billion bankruptcy of crypto exchange FTX and its trading arm Alameda Research is yet another example of the risks associated with investing in unregulated and unproven markets. FTX is the latest on a growing list of failed crypto associated firms and products. The crypto universe, once...