MOBILE, Ala. – The former manager of Allied CU pleaded guilty to federal fraud charges, admitting she used her credit union position to steal approximately $60,000.
Former Allied Credit Union manager, 67-year-old Pamela Fogelman Gwin, admitted she approved and funded loans from the institution to herself from 1991 to 2005.
Over the years, Gwin rolled old loans into new loans, making them appear current or paid ahead.
An AI agent's capabilities are only part of the decision. Banks also need to establish limits of delegation, the consequence of errors and who can intervene.
Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
Federal Reserve Gov. Michael Barr appears to be among the majority of monetary policymakers who foresee at least one more rate hike before the end of the year.
UBS wants to keep its advisors happy and in their seats. As a result, its 2027 compensation policies avoid the usual grid-update mixture of "good news, bad news."
Banks are playing a key role in financing the buildout of artificial intelligence. If the industry falters, they will have much to lose — and that would be bad news for the global economy.
Industry lawyers and experts say the latest wrinkle in a long-running LPL-Ameriprise recruiting dispute shows why advisors should strongly consider retaining their own legal counsel when changing firms.
