RIDGECREST, Calif. – AltaOne FCU, which has been struggling with large losses, announced last week it is closing its branch in Mammoth Lakes effective Oct. 2 because of the poor economic climate.
The four employees at the three-year-old branch were notified of the closing on Aug. 28.
The $540 million credit union, chartered in 1947 to serve the local military base at China
The GSEs' financials are strong but odds are against a short-term change to conservatorship that would give stockholders access to their profits, Mizuho said.
Brian Moynihan will continue to wear two hats, thanks to the support of almost 70% of Bank of America's shareholders.
The Justice Department retreated from its plan to appeal a judge's ruling blocking grand jury subpoenas in the Powell probe, opting instead for a softer legal maneuver that keeps the investigation's future uncertain.
The company is officially releasing a digital asset product that it first announced back in October.
The Canadian bank is using machine learning to analyze customers' payments and provide recommendations to salespeople.
CEO Robin Vince defended the custody bank's use of artificial intelligence Monday, saying that the deployment of AI allows firms to increase their investment capacity.
