NEW YORK - (05/13/05) -- Insurance giant AmericanInternational Group is making strides to enter the credit unionmarket. The company said this week that its signed with MicroBiltCorp. To provide Personal Internet and Identity Theft coverage toMicroBilt's credit union and community bank customers. And an AIGrepresentative was working at this week's annual NACUSO conventionin Las Vegas in an effort to open relationships with credit unionsand their CUSOs. The new effort comes at a time the insurance giantis embroiled in an ongoing accounting scandal that has forced theretirement of its long-time CEO Maurice 'Hank'Greenberg.
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McCargo will succeed Teresa Bryce Bazemore at what the former sees as a "transitional, pivotal moment" for the Federal Home Loan bank.
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Federal Reserve Chair Jerome Powell said there have been "no decisions" on the controversial capital reform plan, but banks and others who have criticized the proposal are eager for an indication about what's next.
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OakNorth Bank in London is eager to utilize the data it's collected from providing risk management software to American banks over the past five years. Its growth plans include eventually acquiring a charter here and making commercial real estate loans.
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An independent examination of the Federal Deposit Insurance Corp. workplace culture revealed an atmosphere of sexual harassment, discrimination and misconduct at the agency and raised the need for significant reforms.
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Cybersecurity leaders for Visa, Deluxe and Fiserv said powerful cloud players have been unresponsive to their requests to monitor the vendors' security postures.
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The full House is scheduled to vote Wednesday on a Congressional Review Act resolution that would overturn a staff accounting bulletin from the Securities and Exchange Commission. Banks argue that the guidance would effectively cut them out of the crypto custody business.
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