LANSING, Mich. - (12/21/05) -- Local banks and credit unions areengaged here in a blood battle--literally. The American Red Crosshas engaged the two financial competitors in its first annual'Invest to Save Loves: Banks versus Credit Unions Challenge' to seewhich type of institution will be able to outdo the other incollecting blood donations. Each donor will be invited to vote fortheir favorite type of financial institution to determine thecontest winner. The blood drive is running through December31.
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The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
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The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
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The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
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Swiss banking giant UBS tried to get a federal court to reject new allegations that Credit Suisse, which UBS acquired in 2023, had concealed Nazi-linked assets.
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Jamie Dimon said the revised Basel III plan still overstates risk and penalizes the largest banks.
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The one-click checkout fintech, which launched its own "super app" last year, reduced its current workforce by about 30% last week.
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