DALLAS – City CU, one of the largest credit unions in the Dallas-Fort Worth area, said yesterday it has agreed to acquire DART FCU. City CU, founded in 1942 to serve Dallas employees, has $153 million in assets and serves 32,000 members. DART FCU, with almost $5 million in assets, was founded in 1939 and serves Dallas Area Rapid Transit, members of the Dallas Gay and Lesbian Alliance, and several select groups.
The $736 million Orange County bank had faced a smattering of enforcement actions over the years, including for concentration risks, governance issues and questionable insider transactions.
As the U.N. renews its call for $1.3 trillion a year in climate finance, four leaders in climate finance say the biggest question for advisors is where that money goes.
The National Association of Insurance Commissioners responded to a query from Sen. Elizabeth Warren about risks to policyholders stemming from private-equity ownership of life insurers.
The platform had a lawsuit filed against it by New York officials this week as the latest in a series of cases against prediction markets on the state level.
The Canadian bank's U.S. operations experienced challenges following a large acquisition on the West Coast. But the bank is now making good progress, according to a top BMO executive.
As AI threatens firms' lucrative business managing uninvested cash, Schwab gives its RIA partners a new way to keep clients' cash holdings sticky.
