WASHINGTON -- CUNA reported Friday it is spending $107,057 on TV and radio ads over the next week to support former Chamber of Commerce Vice President Jeff Crank in next week's Republican primary for the state's Fifth Congressional District House seat. Crank is a long-time staffer for Rep. Joel Hefley, who is retiring from the Fifth District seat this year. The ads were produced by Greener and Hook of Arlington, Va. CUNA also said it paid $29,099 for a third direct mailing boosting embattled Sen. Joe Lieberman, who is facing a tough challenge in the August 8 Democratic primary by anti-war candidate Ned Lamont. CUNA spent $87,297 on three mailings last week for Lieberman, a staunch credit union supporter.
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Visa is introducing a premium service to the Middle East, and Lloyds Banking says its cash protection product is showing results. Plus, Brex teams up with Doordash and more in the American Banker global payments and fintech roundup.
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A report from Democratic staff on the Senate Permanent Subcommittee on Investigations said accounting firm KPMG gave Silicon Valley Bank, Signature Bank and First Republic clean audits despite internal warnings, fraud allegations and apparent risks of failure.
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Each year, American Banker chooses five teams that embody the spirit of collaboration and illustrate how teamwork can have a substantial impact on a bank's top and bottom lines.
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The goal of the regional banking team members is to partner across their respective business lines or service areas to bring in more clients to BofA and to better serve existing clients.
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Led by chief SBA lending officer Anna Chung, the team oversees Hanmi's Small Business Administration lending operation, a longstanding component of the $7.8 billion-asset company's business model.
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Led by Jennifer Warren, who serves as the head of Wilmington Trust, the teamwork resulted in over $2 billion in revenue expansion for the institutional client services division.
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