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.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3 -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3