The Credit Union Executives Society and WesCorp have entered into a joint venture to develop a new Executive Finance & Economics Institute to be held Oct. 8-13 at the R. David Thomas Executive Conference Center at the Fuqua School of Business on the campus of Duke University. The curriculum is being developed by Duke Corporate Education and the London School of Economics and will focus on finance and economics - including an in-depth exploration of globalization, financial markets, evaluating business models and more, CUES said. "The more a credit union leader can understand and make sense of the global marketplace and the financial markets, the more successful that leader will be in setting the right course and managing the performance of a credit union," said WesCorp EVP/CIO Bob Burrell. For info: www.cues.org.
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After passing the Federal Reserve's stress tests with high marks, large banks announced dividend increases. In some cases, they also said the Fed had conceded that certain prior calculations needed to be revised.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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