Insights

 

Advisories
September 18, 2013 Posted by
FOMC Announcement - September 18, 2013 - The Federal Reserve today decided to keep the target range for the federal funds rate unchanged at 0 to 0.25 percent with many revisions to previous announcement and added some new statements. They maintain that policymakers suggest the U.S. economic activity has been expanding at a "moderate" pace which is a change from last month's phrase of "modest." On the economy, they added that the "tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement in the economy and labor market."
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SVB in the community
September 18, 2013 Posted by
Supremely happy people devote their time to others and studies show that the bonds between humans and animals also have a strong impact on the health of both, so when we had an opportunity to get involved in a community project in honor of SVB’s 30th anniversary, we reached out to PAWS.
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FX Daily
September 18, 2013 Posted by
Finally, the day of the FOMC has arrived. The dollar traded at almost a five‐ week low before the Federal Reserve announces whether it will slow its $85 billion of monthly bond purchases that have capped borrowing costs. Among 64 economists surveyed by Bloomberg News, 33 predict the Fed will taper its purchases of Treasuries by $5 billion or less, with 31 forecasting a cut of $10 billion or more.
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SVB in the community
September 17, 2013 Posted by

A team of 18 SVBers met at La Jolla Shores to take on three projects. Our group of beach clean-up volunteers combed the shores to collect and discard trash, removing 18 pounds of trash and over 100 cigarette butts. Another part of our team worked with Project Linus, a national organization providing handmade blankets for patients at a local children's hospital. A third group painted a seahorse mural for Rady Children's Hospital San Diego. 

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FX Daily
September 17, 2013 Posted by
The dollar is trading at a 3-week low against the majors, as most market participants expect the FOMC to announce a QE tapering tomorrow. In Europe, German confidence data provided additional support to the euro and the pound continues to test new highs. The Aussie and New Zealand dollar remain strong, and solid manufacturing sales in Canada boosted the loonie.
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FX Daily
September 16, 2013 Posted by
The fireworks started over the weekend as former US Treasury Secretary (and front‐runner to replace Ben Bernanke as Fed Chairman) Larry Summers, withdrew his name from consideration for the post in a letter to President Obama. With Summers out of the running, the USD moved lower and equities moved higher.
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SVB in the community
September 14, 2013 Posted by
In any large city, there will always be a number of people who struggle to recover from adversity. Los Angeles is no exception. Against the backdrop of Hollywood stars, a booming tech sector and the Pacific Ocean, the contrast is particularly stark.
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SVB in the community; Europe
September 14, 2013 Posted by
Due to a lack of affordable, safe places for young people to go after school or on the weekends to spend their free time, small volunteer organisations bridge the gap. Often local, council-funded community centres operate as a hub for recreation and sports, career services and places to host important community events. Historically, these resources have been vital to the strength of many communities especially in less flourishing areas of London.
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