LEOMINISTER, Mass. – Leominster CU received a $117,900 grant from the Workforce Training Fund, the state Department of Workforce Development announced Friday. The grant will help 118 employees at the credit union focus on team work and collaboration, leadership development, and sales and service, according to a press release. Also receiving workforce grants were: Jeanne D’Arc CU, which received $138,355 to have 125 employees trained in leadership and management and Greylock FCU also received a grant of $33,700 to provide technical training for eight of its employees.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
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The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
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The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
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More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
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Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
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A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
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