Judith Erwin

Financial and economic inclusion life-time goal. Opinions and thoughts are my own.

[Judith Erwin @juditherwin]

I've always known that #WellsFargo was a troubled bank but the fact that my 85 year old incapacitated mother has been denied access to her own funds has proven it. If you are ailing, old, or without an attorney, expect a run around that you won't believe. 5 months and counting.

[Judith Erwin @juditherwin]

Update, can't get an appointment until the third business day from now. #WellsFargo Where's your accessibility for seniors?

[Judith Erwin @juditherwin]

In helping my mom (84), I learned today, that you cannot just go into a #WellsFargo branch and send a standard domestic wire the same day without an appointment. Discrimination against the non-technically literate clients. Hard enough to have to drive to the bank at 84.

[Judith Erwin @juditherwin]

In helping my mom (84), I learned today, that you cannot just go into a #WellsFargo branch and send a standard domestic wire the same day without an appointment. Discrimination against the non-technically literate clients. Hard enough to have to drive to the bank at 84.

[Judith Erwin @juditherwin]

In helping my mom (84), I learned today, that you cannot just go into a #WellsFargo branch and send a standard domestic wire the same day without an appointment. Discrimination against the non-technically literate clients. Hard enough to have to drive to the bank at 84.

[Judith Erwin @juditherwin]

Here's the answer to my earlier tweet: Silicon Valley Bank’s risk model flashed red. So its executives changed it.

https://t.co/rP2RiJREYE

[Judith Erwin @juditherwin]

Every regulated bank has some mgmt committee for ALCO (asset liability committee). Monthly review/strategy by key managers across the enterprise. Partly to measure rate shocks and their impact on the banks' liquidity and capital. They knew this was coming and didnt act. #SVB

[Judith Erwin @juditherwin]

As a former long-term banker, hearing a banks CAMEL rating said in public was like overhearing someone's social security number. Shhh! The Bank Regulators Are Disappointed https://t.co/Bp1S8CvmOG

[Judith Erwin @juditherwin]

@ImTheJayWalters These ultimately are pension fund investment dollars so lots of everyday people will be impacted.

[Judith Erwin @juditherwin]

@FizerJudi No politics happened here. Mgmt error is at the core here.

[Steve Schlafman @schlaf]

Episode 004 of "Where the Road Bends" with CEO and trans leader @AndreaBreannaNY is live.

We discuss:
-Prioritizing Happiness
-What It’s Like To Live In Hiding
-Valuing Honesty and Taking Risks
-The Power Of Being Openly Vulnerable
-The Advantages and Dangers of Being Visibly Trans
-The Dynamic Complexity of Human Identity
-Honoring Humanity In The Workplace

https://t.co/7rFdmIRwKu

[Judith Erwin @juditherwin]

@WritingAtom Understand the sentiment but much of a VC's source of capital is from pension funds that hold many regular person's retirement money. They will also lose if no backstop. #SVB #bankrun

[Judith Erwin @juditherwin]

Every regulated bank has some mgmt committee for ALCO (asset liability committee). Monthly review/strategy by key managers across the enterprise. Partly to measure rate shocks and their impact on the banks' liquidity and capital. They knew this was coming and didnt act. #SVB

[Judith Erwin @juditherwin]

@Jvelez27 @poiThePoi @patio11 Every regulated bank has some mgmt committee for ALCO (asset liability committee). Monthly review/strategy by key managers across the enterprise. Partly to measure rate shocks and their impact on the banks' liquidity and capital. They knew this was coming and didnt act. #SVB

[Judith Erwin @juditherwin]

@LDavis1865 @plopper1 @CBSNews Wrong.

[cynical1 @eb10s]

@GRDecter SVB not hedging caused them to be carrying significant unrealized losses. It's an individual bank issue, not a systemic one.

[Ari Ozick @ariozick]

@ArmandDoma I suggest you read this speech from the fdic

https://t.co/GQ0H3DpWLQ

[Piermont Bank @PiermontBank]

A message from our CEO on the recent SVB situation. Our team is ready to help impacted companies. https://t.co/c3F423kty1

[Pierre @PHfloor]

@_dumbalpha @donnelly_brent @HenrikRummel @BillAckman @SVB_Financial @jpmorgan @Citi Also, don't tell everyone in your industry to pull out money at the same time...this can lead to a bank run.

[Judith Erwin @juditherwin]

@bhargreaves No specific knowledge but based on historical and personal experience: 1) deposits assumed by another bank in a deal with the FDIC (think 2008), 2) possible outright sale, 3) White Knight. I believe depositors will be made whole in the end. Difficult weeks coming.

[samir kaji @Samirkaji]

A lot of panic re: SVB (you should see my phone/emails!). A bank run driven by panic is the real risk here, not the action of selling LT securities at loss

I have no inside information as I left SVB in 2012, but know enough about banking to piece together.

Quick 🧵

[Jamie Lee Melzer @jleeku]

So the VC industry collectively panicked and orchestrated a run on its largest banking partner of the last 40 years. The bank most likely to have supported its portcos through a recession. Well done guys.