ALBANY, N.Y. – Capital Communications FCU announced yesterday members of Excelsior CU approved a merger into the $650 million credit union, the fourth merger for CapCom in the past three years. Since 2004, CapCom has also acquired Yankee Doodle FCU, Silicone Employees FCU and Hudmo Valley FCU. Excelsior, founded in 1915, was one of the first state charters in New York and has about $85 million in assets. The merger with CapCom is expected to become effective Oct. 1.
Betterment Advisor Solutions, formerly Betterment for Advisors and Betterment Institutional, is changing its platform fees into a tiered rate that begins at 0.20% for advisory practices with less than $10 million in the business, Betterment CEO Sarah Levy says.
The guidance reflects a mortgage servicing rights market that has broadly included the customer value in refinancing for over a decade, experts say.
The White House's top economist says inflation is already at the Fed's 2% target and suggested that further rate hikes could jeopardize growth.
The New York-based bank says the small-business fintech's cheaper deposits will help reduce its reliance on costly wholesale sources.
The Federal Reserve's Office of Inspector General released a report Monday highlighting weaknesses in how information security incidents are identified and resolved.
Citi is an aggressive customer of and investor in AI companies. Arvind Purushotham, head of Citi Ventures, shares what he's currently looking for.
