WILLIAMSTON, N.C. - (08/25/04) -- In one of the more unusualdevelopments this election season, Democrat G. K. Butterfield waselected to serve an unexpired term in the House on the same day hequalified as the Democratic nominee for November's generalelection. The credit union-backed Butterfield, a long-time memberof State Employees CU, was elected in a special election July 21 toserve out the term of freshman Rep. Frank Balance, who retired forhealth reasons, and won the primary for the full two-year term onthe same ballot. Because of the predominance of Democratic votersin this rural northeastern part of the state, Butterfield is widelyexpected to win the November election, according to Dan Schline,chief lobbyist for the North Carolina CU League. The credit unionlobby has yet to weigh in on the state's critical Senate race, tosucceed John Edwards, the Democratic candidate for vice president,where longtime credit union supporter, Republican Rep. RichardBurr, is facing off against Democrat Erskine Bowles. Bowles, whoserved as chief of staff in the Clinton White Hose, lost the 2002race to Republican Elizabeth Dole.
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During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
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PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
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Amid a surge in bank mergers, Citizens CEO Bruce Van Saun said the Providence, Rhode Island-based bank is largely focused on organic growth. "It would have to be a pretty high bar for us to go down that path," he said.
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New research from American Banker finds that financial institutions are asking about ROI, infrastructure costs and compliance burdens.
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America's second-largest bank revised its net interest income target upward after what analysts called a "clean" third quarter.
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Mastercard has added an "agentic cloud" to speed deployment, while Visa has issued a protocol to help AI agents communicate. That and more in American Banker's global payments and fintech roundup.
October 15