CHARLOTTE, N.C. - (01/11/05) -- Charlotte Postal CU said it hasobtained approval form state regulators to expand statewide,serving all current and retired postal employees in the Tarheelstate. The $46 million credit union also said it has reached anagreement to merge with Triad Postal CU in Winston-Salem and haschanged its name to Carolina Postal CU. Triad Postal CU has fouroffices in North Carolina and $17 million in assets.
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.
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
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.
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.
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.
