WASHINGTON - (08/25/05) After months of nervous waiting,defense credit unions now know whose mission will continue and whoneeds to get busy making plans following final decisions being madeon base closures. A Pentagon panel reviewing recommendations madeby the Base Realignment and Closure (BRAC) Commission has votedagainst plans to close the Portsmouth shipyard in Kittery, Maine,Submarine Base New London in Connecticut, Naval Support ActivityCorona in California, the Red River Army Depot in Texas and NavalSupport Activity in New Orleans. Major bases that will be closinginclude Fort Gillem and Fort McPherson in Georgia, Fort Monroe inVirginia, Army Garrison Selfridge in Michigan and Fort Monmouth inNew Jersey. Several hundred Navy Reserve, Army Reserve and NationalGuard facilities across more than a dozen states are also to close.President Bush can still make changes, as can Congress, althoughCongress has note made changes to BRAC recommendations in thepast.
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
6h ago -
The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
9h ago -
The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
10h ago -
The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
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The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
June 22 -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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