KIMBERLY, Wis.-Capital CU said it will use a $437,000 settlement as part of a class-action lawsuit to create a $500,000 charitable fund.
The Capital CU Charitable Giving Fund will provide grants to local non-profits starting July 1.
The CU received a $437,000 settlement as part of a class-action lawsuit over a contaminated water supply in Freedom and will provide an additional $63,000 to establish the fund.
Constellation Software subsidiary CORA Group rebranded its U.S. core banking service as regulators are looking to inspect core vendor relationships.
Banks have embraced artificial intelligence for years. Now, after a week of dire warnings about the technology's risks, executives at two big banks are calling for caution and calm.
More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
Consumers' spending and payment behaviors were "holding very firm" despite inflationary pressures, Synchrony Chief Financial Officer Brian Wenzel said at the Barclays Global Financial Services Conference.
Sen. Elizabeth Warren sent a request for information to the National Association of Insurance Commissioners about state regulators' efforts to address private equity ownership of life insurance companies.
Advisors are still slow to plan for handing down their businesses, in part because of difficulties finding new owners they can trust.
