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Signature was a traditional commercial bank with a wide range of activities and customers,” an NYDFS spokesperson said. The spokesperson added that as withdrawal requests ballooned over the weekend, Signature Bank failed to provide reliable and consistent data. In response to NYDFS' statement, Frank said he was surprised the regulator said the decision to close the bank was not related to cryptocurrency. Signature was a commercial bank with private client offices with nine national business lines including commercial real estate and digital asset banking. The FDIC established a "bridge" successor bank to Signature Bank on Sunday to enable depositors to access their funds.

Fears remained on Wall Street on Monday despite the measures announced over the weekend following the collapse of California-based Silicon Valley Bank (SIVB.O) and New York-based Signature Bank (SBNY.O). Some investors have called for further action by banking regulators to reassure markets. But banking experts said regulators would likely want to see the extent of any further contagion before deciding on fresh measures. In addition, the Fed announced Monday it was doing an internal review of its oversight of Silicon Valley Bank, where it was the primary regulator. Prior to Silicon Valley Bank's collapse, banks had been lobbying lawmakers to push back against the Fed's review, arguing it could slow the economy.

[1/3] A person walks into the lobby of the Signature Bank headquarters, in New York City, U.S., March 13, 2023. Signature Bank did not immediately respond to a request for comment. Signature was a traditional commercial bank with a wide range of activities and customers,” an NYDFS spokesperson said. The spokesperson added that as withdrawal requests ballooned over the weekend, Signature Bank failed to provide reliable and consistent data. The FDIC established a "bridge" successor bank to Signature Bank on Sunday to enable depositors to access their funds.

Silicon Valley Bank had $209 billion in assets at the end of last year, while Signature Bank had some $110 billion. The failure of Silicon Valley Bank is a direct result of an absurd 2018 bank deregulation bill signed by (Republican former President) Donald Trump that I strongly opposed," Senator Bernie Sanders said in a statement. he added, saying awareness of the bank's recent growth and business model should have led Fed officials to anticipate trouble. In an op-ed for the New York Times, Democratic Senator Elizabeth Warren placed some of the blame at the feet of bank regulators, whom she accused of "letting financial institutions load up on risk." "There won't be legislation getting through Congress, and so regulators will be making the big decisions," he said.

March 12 (Reuters) - State regulators closed New York-based Signature Bank (SBNY.O) on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank (SIVB.O) in a collapse that stranded billions in deposits. All of the depositors of Signature Bank and Silicon Valley Bank will be made whole, and "no losses will be borne by the taxpayer," the U.S. Treasury Department and other bank regulators said in a joint statement. Signature's failure followed Silicon Valley Bank's Friday shutdown, the second largest in U.S. history behind Washington Mutual, which collapsed during the 2008 financial crisis. Signature Bank's depositors and borrowers will automatically become customers of the bridge bank, the FDIC said. Signature Bank cut ties with Trump in 2021 following the deadly Jan. 6 riots on Capitol Hill, and urged Trump to resign.

The U.S. Treasury Department and other bank regulators said in a joint statement on Sunday that all depositors of Signature Bank will be made whole, and "no losses will be borne by the taxpayer." Signature Bank reported deposit balances totaling $89.17 billion as of March 8. Representatives for Signature Bank did not immediately respond to a request for comment. The FDIC on Sunday established a "bridge" successor bank to Signature Bank, which will enable customers to access their funds on Monday. Signature Bank's depositors and borrowers will automatically become customers of the bridge bank, the FDIC said.

☆ US senators blast Treasury's 'lack of progress' on climate risks
▼ + stars: | 2023-03-10 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

In a letter to Yellen viewed by Reuters, Democratic Senators Elizabeth Warren, Sheldon Whitehouse and Edward Markey criticized the work done by John Morton, Yellen's first climate counselor. "Treasury has been central to delivering on the Biden Administration’s climate agenda," she said, when asked about the senators' letter. In their letter, the senators also faulted Treasury's leadership of climate work by the Financial Stability Oversight Council, which identified climate change as an "emerging and increasing threat to U.S. financial stability" in October 2021. The second Treasury official, who was not authorized to speak publicly, said the independent agencies grouped under FSOC were taking action, but those steps followed prescribed processes. No Treasury climate counselor could speed up that work since the agencies were independent, the official said.

March 10 (Reuters) - Greg Becker, the chief executive officer who presided over the collapsed Silicon Valley Bank, joined the company three decades ago as a loan officer. Becker graduated from Indiana University with a bachelor's degree in business, according to Silicon Valley Bank's website. When his manager left to work for Silicon Valley Bank, Becker followed, he said in 2021 on a Bloomberg podcast. Representatives for Silicon Valley Bank did not immediately respond to a request for comment. Before becoming president and CEO of SVB Financial Group, Becker co-founded SVB Capital, the company's investment arm.

☆ 'Father of the internet' sounds the alarm on the gold rush around AI chatbots
▼ + stars: | 2023-02-14 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

One of the fathers of the internet is warning against hastily investing in AI chatbots due to hype. Cerf said people must be "thoughtful" about using AI chatbots, and it will not always benefit them. Vint Cerf, widely recognized as a "father of the internet," warned people against hastily investing in conversational AI chatbots like ChatGPT and Google Bard simply because they're "cool" and buzzed about. As chief internet evangelist, Cerf "contributes to global policy development and continued spread of the Internet," according to Google Research. After OpenAI released its viral AI chatbot ChatGPT in November, tech giants like Google and Microsoft have joined the competition to release their own AI chatbots into the race.

☆ Goldman's top stocks to play the Inflation Reduction Act, including some with 50% upside
▼ + stars: | 2023-01-03 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Inflation Reduction Act signed into law last year could create a boost for stocks from various sectors, and Goldman Sachs broke down its top picks for investors wanting to take advantage. "We believe stock-specific implications are quite wide-ranging from both an impact and timing perspective across multiple sectors," Goldman strategists said in a note. First Solar and Enphase were the two top picks in this space, with Goldman predicting 50% upside in the next 12 months for both names. The bill also gives rise to the clean hydrogen economy in the U.S., including carbon capture, Goldman said. Meanwhile, Goldman said energy services company MasTec is well positioned to benefit from the demand for infrastructure that supports renewable projects.

Twitter on Monday disbanded its Trust and Safety Council, a group of volunteers who offered the company outside expert advice about online safety, according to an email seen by NBC News. "As part of this process, we have decided that the Trust and Safety Council is not the best structure to do this." Holmes added, "Over past week several members of council have had their personal safety and well-being impacted by the actions of Twitter staff." Some members of the council recently sparked an argument over the company's handling of child sexual exploitation material. Jack Dorsey, the former CEO of Twitter, responded: "this is false."

☆ Twitter dissolves Trust and Safety Council
▼ + stars: | 2022-12-13 | by ( Sheila Dang | ) www.reuters.com time to read: +2 min

Dec 12 (Reuters) - Twitter Inc on Monday disbanded its Trust and Safety Council, a volunteer group formed in 2016 to advise the social media platform on site decisions, according to an email reviewed by Reuters. More than a 1,000 have resigned, among them Yoel Roth, the company's former head of trust and safety. As part of this process, we have decided that the Trust and Safety Council is not the best structure to do this," an email sent to the Trust and Safety Council members, seen by Reuters, said. Last week, three members of the Council resigned citing concern for the safety of Twitter users. Musk had responded on the micro blogging site accusing council members of refusing to take action on child exploitation, a claim former CEO Jack Dorsey said was "false".

☆ Why Silicon Valley is so hot on nuclear energy and what it means for the industry
▼ + stars: | 2022-12-02 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +13 min

Pallava Bagla | Corbis News | Getty ImagesVenture capitalists in Silicon Valley and other tech hubs are investing money in nuclear energy for the first time in history. This surge of private investment will be a positive for the industry, agrees John Parsons, an economist and lecturer at MIT. Nuclear energy is "a very complex science, and it's been supported by the federal government and at these national labs. In the 1960s and 1970s, large conglomerates constructed big nuclear power plants, and those projects often ran over budget. New generations of nuclear reactors will have different sizes, different coolants and different fuels, explained Matt Crozat, senior director of policy development at the Nuclear Energy Institute.

☆ Telehealth access for some trans people may be at risk. Here's why one company says it's prepping for patients to return to the clinic.
▼ + stars: | 2022-09-23 | by ( Sarah Braner | ) www.businessinsider.com time to read: +6 min

Kole, a game developer in Colorado, gets his testosterone therapy through Folx Health, a startup that conducts doctor visits online and sends him his medication through the mail. He told Insider the privacy of using a company like Folx made getting testosterone safer. Plume was founded by Jerrica Kirkley and Matthew Wetschler in 2019 to provide gender-affirming hormone therapy over telehealth. Certain policy developments could let Folx and Plume keep prescribing testosterone, though, and two senators have asked the Biden administration to loosen restrictions on the treatment. The Folx executive, the company's chief clinical officer, Kate Steinle, said the startup expected to be allowed to continue prescribing testosterone under this rule change.

☆ YouTube considers adding short-form videos to its YouTube Kids app, making kids' content the latest weapon against TikTok
▼ + stars: | 2022-09-07 | by ( Tom Dotan | ) www.businessinsider.com time to read: +5 min

YouTube told creators of kids' content to start thinking about short-form content for its Kids app. If YouTube goes through with adding Shorts to its Kids app, it would mark an escalation in the battle between YouTube and TikTok. "At YouTube, when it comes to kids and families, our product and policy development is always centered on the safety and well-being of kids while helping them explore their curiosity on YouTube and YouTube Kids," a YouTube spokesperson said. The company first launched its Kids app in 2015 to corral all kids' content. But YouTube, which has stricter oversight of kids' content and more of a regulatory nod, could be a safer place to experiment with short-form content.

☆ In the war on recession, Uncle Sam wants YOU — to party, party, party
▼ + stars: | 2022-08-25 | by ( Desmond Lachman | ) www.businessinsider.com time to read: +8 min

Eventually the slowing demand spreads out across the economy: lower wages, higher unemployment rates, less consumer spending, and fewer homebuyers. This conventional view on the inevitability of a recession is highly plausible and should not be dismissed lightly. This soaring demand for goods coupled with crippled supply led to a shortage of goods — and sent prices soaring. And while concerns about the economy and the possibility of a recession have increased, people have kept spending. But as price inflation of goods cools, the shift to spending on services can keep the economy going.

☆ Everyone talks about all the people moving to Florida. But high prices, hot weather, and shattered expectations are pushing residents out, too.
▼ + stars: | 2022-07-13 | by ( Jordan Pandy | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Florida was the top 2021 destination for movers, with 221,000 more US residents moving in than out. The leavers say the high cost of living, including skyrocketing insurance prices, is a big factor. Take car insurance: Lovelace, a private investigator who uses her car regularly for work, paid $430 a month. The state's chief financial officer, Jimmy Patronis, said in May 2021 that 900 people a day were moving to Florida. A study by Joblist that compared wages to cost of living ranked Florida last out of all 50 states in affordability.

☆ Consorţiul proiectului ERASMUS+, COOPERA reunit la cea de-a doua şedinţă, coordonator – ASEM
▼ + stars: | 2021-07-07 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Consorţiul proiectului ERASMUS+, „Integrating Dual Higher Education In Moldova and Ukraine (COOPERA)”, număr de referinţă: 617490-EPP-1-2020-1-MD-EPPKA2-CBHE-SP s-a reunit în cea de-a doua şedinţă. Karazin Kharkiv National University, K Ukraine;# Odessa National University of Economics, Ukraine;# Ministry of Education and Science of Ukraine;# Duale Hochschule Baden-Wurttemberg, Germany;# University of Lleida, Spain;# Varna University of Management, Bulgaria;# Akademia WSB, Poland;# European Policy Development and Research Institute of Maribor, Slovenia. Partenerii Consorțiului proiectului ERASMUS+, COOPERA, alături de ASEM s-au focusat pe următoarele activităţi:# Dezvoltarea unui model de învățământ superior dual flexibil și generic în țările partenere din est;# Elaborarea legislației naționale pentru integrarea cu succes a modelului de învățământ superior dual în Moldova și Ucraina. # Creșterea capacităților instituționale și pilotarea modurilor specifice de învățământ superior dual ale instituțiilor de învățământ superior ale țărilor partenere. Evenimentul a fost moderat de Coordonatoarea proiectului – Dr. Olesea SÎRBU, Prorectoră pentru relații internaționale și proiecte europene, ASEM.

Persons: Grant, . Olesea SÎRBU, Şedinţa Organizations: Studii, Moldovei, Universitatea Tehnică a Moldovei, Universitatea Liberă, Ministerul Educației, Culturii, Cercetării, University, Odessa National University, Varna University of, Development, Research Institute, universitari Locations: Moldova, Moldovei, Republicii Moldova, Ukraine, University, Odessa, Economics, Baden, Wurttemberg, Germany, Lleida, Spain, Varna, Varna University of Management, Bulgaria, Poland, Maribor, Slovenia, ASEM, Ucraina

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