DALLAS - (03/18/05) -- Southwest Corporate FCU said it isseeing increased interest in reverse inquiry, structuredinvestments, which are certificates structured according to acredit union's balance sheet needs. The structured certificates,which are sold for a minimum of $5 million, allow credit unions toearn between 10-15 basis points higher than comparable agencyinstruments. During 2004 Southwest Corporate said it created 50reverse inquiry structures totaling more than $372 million. To datethis year it has responded to 13 reverse inquiries for $148 millionand expects to pass the 2004 activity.
-
Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
July 3 -
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
July 3 -
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
July 3 -
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
July 2 -
The fintech sponsor bank plans to offer digital asset services.
July 2










