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Former FDIC officer: U.S. should’ve seen bank failures coming | NewsNation Live
Posted
March 14, 2023
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March 14, 2023
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5:36Now PlayingMarkets are still expecting the Fed to raise the interest rate once again when the Federal Open Market Committee meets next week despite last week’s historic bank failures of Silicon Valley Bank and Signature Bank. Sultan Meghji, a former FDIC chief innovation officer, said the U.S. should’ve seen this coming because, “For years now in academia and in the banking system itself, we’ve been able to use machine learning and advance analytics to look at balance sheets of banks to find these kind of issues.”
#bankfailures #FDIC #banking
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