TUKWILA, Wash. - (10/20/04) -- Boeing Empployees CU announcedTuesday it is eliminating 85 jobs as part of an internalreorganization. The job cutbacks amount to 11% of the credit uniongiant's 820 employees and will be spread across BECU's 30 locationsin the Seattle area. The cuts come after 70 positions were trimmedin July and will be spread euqally among non-managers and managers,credit union officials said. The job cuts are aimed at simplifyingthe credit union's approach to product management, marketing andmember servcie, the credit union said.
-
Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
March 20











