Saturday, January 21, 2023

Filings: Signature Bank borrowed $10B in Q4 from Federal Home Loan Banks, the system originally designed to support mortgage lending; Silvergate borrowed $3.6B (Eric Wallerstein/Wall Street Journal)

Eric Wallerstein / Wall Street Journal:
Filings: Signature Bank borrowed $10B in Q4 from Federal Home Loan Banks, the system originally designed to support mortgage lending; Silvergate borrowed $3.6B  —  Signature and Silvergate turn to government-chartered lenders after customer withdrawals surge



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UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published what it called the world's first guidance on auditor AI usage (Ellesheva Kissin/Financial Times)

Ellesheva Kissin / Financial Times : UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published...