LOS ANGELES-Named as defendants in the NCUA's suit are former directors: Robert Harvey, the chairman of the board and CEO of Seattle Metropolitan CU; James Jordan, CEO of Schools Financial CU; Timothy Kramer, CEO of Keypoint CU; Robin Lentz, CEO of Cabrillo CU; John Merlo, CEO of Premier America CU; Gordon Dames, former CEO of Mountain America CU; Warren Nakumara, CEO of Honolulu FCU; Brian Osberg, CEO of Potelco United CU; David Rhamy, CEO of Silver State Schools CU; Sharon Updike, CEO of Eagle Community CU; and, Bill Cheney, former CEO of Xerox FCU (now Xceed) Financial FCU. Several of the CEOs, including Harvey and Dames, have retired, and Cheney currently is CEO of CUNA. Also being sued by NCUA are: Robert Siravo, former CEO of WesCorp, Todd Lane its CFO, Thomas Swedberg, head of human resources, Robert Burrell, former executive vice president and chief investment officer; and Timothy Sidley, former chief risk officer.
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1st Summit Bank in Johnstown, Pennsylvania, is offering high school graduates not just free training, but a seven-year employment guarantee. It's an approach that some experts think could catch on.
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With three years of market appreciation buoying most advisors' revenue generation, Morgan Stanley says: Produce a bit more or see a small pay cut.
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Credit Acceptance Corp. has agreed to provide $710 million in restitution and debt relief to resolve allegations of predatory lending by 41 state attorneys general.
September 17











