HARTFORD, Ct. - (07/28/06) CUNA said Thursday it sent outanother statewide mailing on behalf of embattled Sen. JosephLieberman, the second direct mailing this week. Lieberman. asupporter of the war in Iraq, is in a close primary race withanti-war Democrat Ned Lamont, which will culminate in thestates primary Aug. 8. CUNA said it spend $60,000 on itsdirect mailing on behalf of Lieberman, a long-time credit unionsupporter. The effort was done as a so-called independent campaignexpenditure, which cannot be coordinated with thecandidate.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
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The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
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The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
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City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
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The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
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The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
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