SAN BERNARDINO, Calif. - (03/10/05) -- Arrowhead CU said it signed withIndependent Financial Marketing Group Inc. to provide its memberswith investment advisory and brokerage services. The deal will givemembers of the $850 million credit union the opportunity to buymutual funds, stock and bonds and insurance products through IFMGregistered broker-dealer, IFMG Securities Inc. IMFG is based inPurchase, N.Y., and provides investment servcies for a number ofcredit unions, banks and thrifts.
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The top five banks and thrifts have combined total assets of nearly $13 trillion.
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A new Citizens Bank survey suggests rising check-fraud incidents are driving middle-market companies to accelerate plans to fully adopt digital payments. But 70% of all businesses will continue to rely on checks for years to come, according to recent data from the Association for Financial Professionals.
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After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
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The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
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The bank will use biometric authentication to streamline checkout in stores starting in 2025. It has already completed internal and external pilots of the technology.
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Banks reported nearly $27 billion had been tied up in scams or theft against elderly people in a recent 12-month period, according to a report from the U.S. Treasury.
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