TUKWILA, Wash. – BECU said last week it has closed three branches inside Safeway supermarkets and consolidated them into a new branch.
BECU closed branches at Safeways in Olympia and West Olympia and Lacey at the end of July while it was opening the branch in nearby Hawks Prairie. The three Safeway stores will continue to have BECU ATMs.
The $8.6 billion credit union still operates branches in at least four other Safeways.
Banco Santander's pending acquisition of Webster Financial got approval from the Federal Reserve Board about five months after the deal was first announced.
Brokerages are too dependent on the billions they make every year from clients' uninvested cash, industry analysts say. LPL is responding with a long-term review of its pricing.
The social media app has partnered with Cross River to manage tasks such as compliance and deposit insurance. But fintech experts say more work is needed before X can threaten traditional banks.
Big banks, including San Francisco-based Wells Fargo, are eager to defend themselves from the competitive threat posed by stablecoins, analysts say.
The remittance company and stablecoin payments platform Rain are launching Stablecard, a digital wallet and Visa secured credit card backed by Western Union's stablecoin, the U.S. Dollar Payment Token, or USDPT.
Two presentations at The American College of Financial Services' CAAFP discussed how successful careers in the industry require both technical and emotional skills.
