SAN ANTONIO, Texas - (03/14/06) -- Air Force FCU said it has moved itscorporate offices off of Lackland Air Force Base to a recentlyrenovated building the credit union acquired in 2004. The newfacility will double to 45,000 square-feet, the amount of spaceavailable for credit union employees. The new building will housethe credit union's executive offices and member call center. AirForce FCU bought the 123,000 square-foot property for just lessthan $5 million in August 2004 and plans to lease the remainingspace. That property, which houses the credit union's main branch,will be renovated and expanded.
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There are regulatory and technology efforts to reform international payments, but it's a multifaceted, long process. Swift, The Federal Reserve, and fintechs like Wise and Revolut are pushing potential solutions. Here's what banks need to know.
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The Bureau of Labor Statistics released its latest Consumer Price Index reading Friday morning, showing inflation rose by 0.3% in September, slightly below August's pace. The report also found core inflation steady at 3.0%, even as shelter costs eased and gasoline prices spiked.
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Some customers reportedly complained about getting locked out of their accounts after signing up for the bank's new Strata Elite credit card. "We feel like we have done the right thing for all of our good customers," Pam Habner, Citi's head of U.S. branded cards, said Tuesday.
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The Long Island-based bank hasn't been profitable in eight quarters, but executives maintain that it's on the right path, citing more loan book diversity, lower expenses and an improved margin.
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From baby boomers' family needs to the fearlessness of Gen Z, three bank executives discussed the work habits of different age groups at American Banker's Most Powerful Women in Banking conference.
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The bank asks a federal court to toss claims from five certified classes, arguing victims have been paid and that fraudsters are included in the suit.
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