HAVERHILL, Mass. - (03/14/06) -- City fathers are looking to creditunions to help them bridge a broadening gap in municipal finances.The city is asking Haverhill Teachers CU and Haverhill MunicipalEmployees CU, which have had free use of rooms in city hall formore than two decades, to pay rent. The effort is being seen bycity officials as one to help bridge a $3.6 million budget gap.Last week, the city council declared the two rooms as surplus,clearing the way for negotiations on lease agreements with the twocredit unions. Officials said continued use of the city hallfacilities could cost each credit union as much as $1,000 amonth.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








