PEORIA, Ill. - (06/08/06) CEFCU pledged Wednesday tocontribute $250,000 to a planned museum about the history of theIllinois River. The funds will be used to fund a CEFCU RiverScience Laboratory, which will be part of the museum. It willinclude microscopes, testing equipment and live animals. The museumis scheduled to open in late 2009. Total cost of the project isestimated at $65 million.
Triumph Financial took steps to guard and move scores of cars backing its $23 million loan to Tricolor Holdings after the subprime auto lender filed for bankruptcy last week.
Comerica announced the promotion of Kristina Janssens to be its next chief risk office; Washington Trust hired James "Jim" Brown, an executive from Berkshire Bank, as its chief commercial banking officer; Citizens Financial pledged $20 million to support workforce development programs; and more in this week's banking news roundup.
Between 2021 and 2025, the Japanese bank SMBC has raised its stake in the U.S. investment firm from 4.5% to 20%.
The U.S. Department of Justice declined prosecution after BofA Securities self-reported the violations and fixed major compliance gaps.
PayPal, Google and Mastercard in recent days expanded support for agentic AI commerce. Card issuers will need to respond quickly to compete, payment experts say.
The Treasury Department proposed a rule delaying investment adviser AML requirements to 2028 and sought public comment on implementing regulations for a stablecoin bill passed earlier this summer.
