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J. David Rosenberg, a shareholder in the Salem, Indiana-based company, proposed the initiative after he became frustrated with the bank's financial performance.
June 15 -
Ajay Banga, the newly appointed president of the World Bank, said he doesn't view China as a rival for the development lender and pledged to avoid getting dragged into competition between Washington and Beijing.
June 15 -
The idyllic existence of Federal Home Loan bank leaders has persisted for 90 years. Now the castle walls may be crumbling.
June 15 -
Citizens Financial has teamed with Wisetack, which supports dozens of platforms connecting to thousands of home improvement, dental and veterinary service providers.
June 15 -
In a new survey, 38% of treasurers said they want to bump up their allocation to money market funds. Only 27% were looking to increase their bank deposits, highlighting the pressures the industry faces as it strives to hold onto customers' cash.
June 14 -
The Federal Reserve chair said that as the Treasury replenishes its general account at the Fed, it will lead to fewer reserves in the banking system.
June 14 -
Though the Federal Reserve's stress test scenarios were announced ahead of the string of bank failures this spring, the results will be a significant peek into the health of the banking system.
June 14 -
Republican members of the House Financial Services Committee blasted Consumer Financial Protection Bureau Director Rohit Chopra as an 'extortionist' and labeled his efforts to rein in discrimination as 'McCarthyism' during a four-hour hearing Wednesday.
June 14 -
For small credit unions, enlisting outside helps accelerate the development of new products — as long as all risks and regulations are properly addressed.
June 14 -
Both regional banks announced weaker guidance for net interest income than they had foreseen two months ago. The disclosures highlighted pressures that figure to take up a lot of the oxygen during second-quarter earnings season.
June 14