LAS VEGAS - (11/18/04) -- Members of the California and Nevadacredit union leagues overwhelmingly approved a $6 millionadvertising and marketing campaign Wednesday, the most ambitiouspublic advocacy campaign ever planned by credit unions. Theprogram, set to launch in January, includes comprehensive radio adsthrough the two states, as well as print ads in selected markets,and targeted activities aimed at building support for credit unionsamong the public and policy makers in both states. The campaignwill focus on the differences between credit unions and banks, thedirect benefits provide their members and their communities, andthe indirect benefits credit unions provide to the financialmarketplace and how those benefits would disappear if banks weresuccessful in their efforts to get credit unions taxed.
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In its latest financial stability report, the Federal Reserve found that asset valuations continue to be elevated and leverage levels remain high, especially among nonbanks like hedge funds and insurance firms.
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Federal Reserve Board Gov. Stephen Miran said the growth of stablecoins and cryptocurrencies will likely impact monetary policy and could lead to lower interest rates.
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The Spanish bank says it can connect small and medium-size U.S. businesses with local market experts on its newly launched digital platform Navigator Global.
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The Pittsburgh-based bank said Friday that it will focus on building 300 branches in high-growth markets by 2030. It also minimized the prospects for another acquisition on the heels of its recent deal for Colorado-based FirstBank.
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Consumers' and merchants' penchant for 0% loans are boosting the buy now/pay later lender in its first fiscal quarter ended Sept. 30, as gross merchandise volume hit a record.
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HoldCo Asset Management drops its pursuit of proxy battles with Columbia Banking System and First Interstate; Cape Cod's Mutual Bancorp prepares to acquire Bluestone Bank; Servbank HoldCo announces plans to acquire IF Bancorp; and more in this week's banking news roundup.
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