MEMPHIS, Tenn. - (01/13/05) -- Memphis Area Teachers CU said itextended a deadline for its annual scholarship applications untilMarch 31. The $550 million credit union will award six four-yearscholarships totaling $60,000 to high school seniors or collegefreshmen pursuing a career in teaching. Recipients will receive upto $2,500 per year for four years. The scholarships are limited tocredit union members.
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
