TALLAHASSEE, Fla. - (07/12/05) --Credit unions along the Gulf Coast ofFlorida and Louisiana and portions inland are still assessing thedamage from Hurricane Dennis, which followed by just 10 monthsnearly the same path as Hurricane Ivan. Alicia Blanda of theLouisiana league and Adena Whitman of the Alabama CU Leaguereported that credit unions in those two states were reporting nodamage. In Florida, there were reports of power outages but nosignificant damage. Escambia County Employees CU reported minorflooding, while Pen Air FCU in Pensacola was open Monday with threerunning ATMs and some storm damage to branch offices.
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New York's Arrow Financial and Pennsylvania's First Commonwealth Financial were seeing their insurance revenue grow before they announced agency purchases this week. Prior to 2025, banks were shedding their insurance agencies.
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The AI company has debuted ChatGPT for Financial Services, an enterprise tool that may threaten the role of junior analysts at investment banks.
11h ago - 9/11 Anniversary
The USA Patriot Act passed on an overwhelming bipartisan basis in the wake of the 9/11 attacks, overhauling banks' involvement in anti-money-laundering efforts.
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The institution tested USBDC in an international payment ahead of a wider rollout and amid its work on the cross-industry Open Standard stablecoin project.
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The global rise of online gambling has created a range of new money-laundering risks for banks and other companies, according to the Financial Action Task Force, an international standard-setting organization.
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Federal banking regulators say as many as 188 community banks may qualify for the extended exam cycle following implementation of the measure, which is required as part of the recently passed housing bill.
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