The Federal Deposit Insurance Corp. rejected the idea that the rollback of Dodd-Frank laws contributed to the failure of Silicon Valley Bank, and it urged a measured approach to adding new rules that would potentially force banks to create capital buffers for unrealized bond portfolio losses, a problem that contributed to the collapse of the lender. Travis Hill, the vice chairman of the agency...
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Don’t Count the Metaverse Out
The technology hype cycle would have us believe that the metaverse—so recently the darling of digital trendsetters—is on the decline, its place usurped by generative artificial intelligence. Yet this narrative, while superficially attractive, is a fiction. The truth is that emerging technologies are part of a synergistic ecosystem. Rather than heralding the demise of the metaverse,...
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