DES MOINES, Iowa - (10/20/04) -- John Deere Community CU said it hasawarded a total of $25,000 in small grants to seven localnon-profit organizations promoting community diversity. The grants,ranging in size from $1,000 to $10,000, went to: Family YMCA ofBlack Hawk County to fund its aquatic program for disabled people;Quota International of Waterloo for its 'Cops n' Kids' programpurchasing Hispanic, Bosnian and African-American-focused books togive to at-risk kids; United Sisters of Black Hawk County for its2005 Fall Freedom Fest promoting racial harmony in the area;Sturgis Youth Theatre, Cedar Falls, for its play, 'The MusicLesson,' about challenges faced by immigrants, especially Bosnians;Cedar Valley Diversity Appreciation Team, for its Youth StudyCircle program to improve race relations; National Alliance for theMentally lll. Of Black Hawk County to fund educational classes onmental illness; and Rotary Club of Des Moines for its 'Earn toLearn,' which provides mentors and reading partners for the diversestudent population at Wallace Elementary School. The credit unionhas awarded about $100,000 in diversity grants since starting theprogram in 1999.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
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The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
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