The California league has formed a search committee to find a replacement for CEO David Chatfield, who plans to retire April 1, 2006. Search committee members include the league's chairman, San Francisco Fire CU CEO Diana Dykstra. Other members are Al George, North Island Financial CU; John Hernandez, South Bay Health Services FCU; Barry Jolette, San Mateo CU; Frank Michael, Allied CU; Tony Mook, Cumorah CU; and Vince Rojas, Kern Schools FCU. The committee expects to complete the process by March 2006 in order to provide a 30-day period that overlays the final month prior to Chatfield's retirement.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





