Kris Devasabai

3 weeks ago | risk.net | Kris Devasabai

Silicon Valley Bank suffered the fastest deposit run in history in March 2023. Its acquirer is using artificial intelligence to try and ensure history doesn't repeat itself. First Citizens Bank acquired SVB out of bankruptcy on March 27, 2023. After closing the deal, the bank realised that many of its newly acquired high-net-worth customers were still on edge.

2 months ago | risk.net | Kris Devasabai

Wild intraday swings in financial markets have become a common feature of the Trump 2.0 era, since the new US president embarked on his sabre-rattling policy of tariffs in a bid to reset global trade flows. Wednesday's surprise 90-day pause in tariffs for dozens of countries - just a week after they were announced - is the latest example of the unpredictable political backdrop. There may be more twist and turns in store for markets.

Feb 20, 2025 | waterstechnology.com | Lukas Becker |Kris Devasabai |Duncan Wood |Menghan Xiao

Hammers are great at knocking in nails. It’s the job for which they were made. Bankers don’t need to tackle that job very often—professionally, at least—so banks don’t issue hammers en masse to the workforce. Artificial intelligence, on the other hand, is great at a whole slew of things. Banks have responded by giving staff access to it by way of general-purpose assistants and co-pilots. But when you have an all-purpose tool, where do you start? What should you use it for? Everything? Last year,

Feb 19, 2025 | fx-markets.com | Lukas Becker |Kris Devasabai |Duncan Wood |Menghan Xiao

Hammers are great at knocking in nails. It’s the job for which they were made. Bankers don’t need to tackle that job very often – professionally, at least – so banks don’t issue hammers en masse to the workforce. Artificial intelligence, on the other hand, is great at a whole slew of things. Banks have responded by giving staff access to it by way of general-purpose assistants and co-pilots. But when you have an all-purpose tool, where do you start? What should you use it for? Everything? Last

Jun 25, 2024 | risk.net | Menghan Xiao |Kris Devasabai

The US commercial real estate slump might reasonably be expected to unsettle regional banks with a collective multi-trillion-dollar exposure to the sector. But some of the most exposed banks – and several of their regulators past and present – aren’t unduly rattled. Take Oregon-based Umpqua Bank. It has the third-highest CRE exposure among banks with over $50 billion in assets.