WASHINGTON -- CUNA extended its independent campaign expenditures for next week's primaries to unprecedented levels, with additional spending on behalf of embattled Democratic Sen. Joe Lieberman, and Republican House candidate Jeff Crank, of Colorado. CUNA reported Monday it is spending another $29,099 on direct mail pamphlets boosting Lieberman, making a total of $116,396 spent over the past week to prop up the three-term Senator, who is in a tough battle in the August 8 Democratic primary against anti-Iraqi war candidate Ned Lamont. The trade group also said Monday it is spending an additional $43,346 on direct mailing in support of Crank, vice president of the Chamber of Commerce, and a former staffer for retiring Rep. Joel Hefley, who Crank hopes to succeed in Congress. CUNA spent $107,057 on TV and radio ads for Crank last week. The $169,799 spent by CUNA the last six days on independent expenditures for the two candidates is a new high for the credit union trade association. Independent expenditures may not be coordinated with a candidate.
-
First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
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.
September 12 -
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.
September 12 -
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.
September 12 -
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.
September 12 -
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.
September 12