Once again California's credit unions are preparing to help state employees who will go without a paycheck until the delayed state budget is passed. The California league noted that those who will miss paychecks, however, is smaller than in previous years, since a series of laws and court decisions will ensure that most state employees will continue to be paid. Legislative staff and gubernatorial appointees-who usually are paid on the 15th and last days of every month-and legislators who are paid at the end of each month, will not receive paychecks until the Legislature approves the $103-billion state budget, and it is signed by Gov. Arnold Schwarzenegger. Among those with programs in place to help: The Golden 1 CU, Arrowhead CU, and SAFE Credit Union.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
April 19 -
New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
April 19 -
According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
April 19 -
The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
April 19 -
Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
April 19 -
The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
April 19