As the dust starts to settle, which banks deserve the most plaudits?: “After months of indiscriminate fear, widespread losses and government hand-holding, the banking industry is gradually stabilising. Money markets are steadily calming. American banks that got a clean bill of health in this months stress tests are queuing up to repay government money. A… Continue Reading
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Search Results for: stress test
Three Banks Announce Plans Stock Offerings to Repay TARP Funds
New York Times DealBook: “Three United States banks, apparently emboldened by the clean bills of health they received under the federal stress tests, announced plans Monday to pay down the governments investments under the TARP program by selling billions of dollars in new stock. The announcements came from Capital One Financial, US Bancorp and BB&T… Continue Reading
Federal Reserve, OCC, and FDIC release results of the Supervisory Capital Assessment Program
News release: “The results of a comprehensive, forward-looking assessment of the financial conditions of the nation’s 19 largest bank holding companies (BHCs) by the federal bank supervisory agencies were released on Thursday. The exercise–conducted by the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation–was conducted so that… Continue Reading
Joint statement on Treasury Capital Assistance Program and Supervisory Capital Assessment Program
News release: “During this period of extraordinary economic uncertainty, the U.S. federal banking supervisors believe it to be important for the largest U.S. bank holding companies (BHCs) to have a capital buffer sufficient to withstand losses and sustain lending even in a significantly more adverse economic environment than is currently anticipated. In keeping with this… Continue Reading
A Framework for Assessing the Systemic Risk of Major Financial Institution
A Framework for Assessing the Systemic Risk of Major Financial Institutions, by Xin Huang, Hao Zhou and Haibin Zhu, Working Papers No 281, April 2009. Bank for International Settlements. “In this paper we propose a framework for measuring and stress testing the systemic risk of a group of major financial institutions. The systemic risk is… Continue Reading
GAO Reports Strong Concerns With Airline Passenger Screening Program
Airport Security: Challenges to Airport Passenger and Baggage Screening, by Cathleen A. Berrick, director, homeland security and justice, before the Subcommittee on Aviation, House Committee on Transportation and Infrastructure. GAO-04-440T, February 12. Highlights From the Highlights: “TSA has not completely addressed seven of the eight issues identified by the Congress as key areas of interest… Continue Reading
Negative Emotions Fell Globally for the First Time Since 2014
“The world was beset by conflict in 2023 — as the war between Ukraine and Russia dragged on and a new one broke out between Israel and Hamas — but it was in a better place emotionally than it was at the height of the pandemic. Negative emotions dipped for the first time in a… Continue Reading
New government heat risk tool sets magenta as most dangerous level
AP: “…Heat is by far the No. 1 weather cause of death in the United States, said National Oceanic and Atmospheric Administration chief Rick Spinrad, citing CDC data of 1,200 deaths per year. Last year was the hottest year on record globally. Both the weather service and CDC will put versions of the tool on… Continue Reading
Pete Recommends – Weekly highlights on cyber security issues, March 2, 2024
Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, March 2, 2024 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on… Continue Reading
An Aggressive Supreme Court Reshapes the US as Its Standing Erodes
Bloomberg – free link: “A conservative supermajority is remaking US laws on the environment, health and firearms, even as public confidence declines and ethical questions grow. The Supreme Court, in the midst of a run of decisions that have stress-tested the core principles of US democracy, has rarely been so aggressive in using its powers —… Continue Reading
TSA confirms plans to mandate mug shots for domestic air travel
Papers Please: “In an on-stage interview [March 14, 2023] at South By Southwest by a reporter for the Dallas Morning News, the head of the US Transportation Security Administration made explicit that the TSA plans to make collection of biometric data mandatory for airline travel: According to a report in [March 15, 2023] of the… Continue Reading
Google’s Bard lags behind GPT-4 and Claude in head-to-head comparison
TechCrunch: “Google has taken the wraps off Bard, its conversational AI meant to compete with ChatGPT and other large language models. But after its shaky debut, users may understandably be a bit wary of trusting the system — so we compared it on a few example prompts with its AI peers, GPT-4 and Claude. This… Continue Reading
