NEW YORK - (03/01/05) -- American Express said it has signedfour more credit unions to issue AmEx cards through its exclusivedeal with MBNA Corp. The four credit unions, Ely Lilly FCU, FirstCU, Knoxville TVA Employees CU and Technology CU, will beginmarketing the MBNA Rewards AmEx Card later this spring. The fourfollow in the footsteps of Desert Schools FCU, which began offeringthe AmEx card last fall, the first credit union to offer the cardsince last year's court rulings requiring MasterCard and Visa toscarp their exclusivity clauses preventing their card issuers fromissuing competing cards.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
5h ago -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
7h ago -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
10h ago -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
11h ago -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25