MIDLAND, Mich. - (01/16/06) Dow Chemical Employees CU saidit paid members a total payout of $4.6 million for 2005, comprisedof interest rebates, saver and check card incentives. The $950million credit union, one of the few still paying interest rebates,returned more than $3 million in interest rebates of 15% for 2005,up from the 12.5% rebates paid for 2004. Members in good standingalso received a 10% member saver reward, whichtotaled $1.5 million for 2005. And Visa check card holders sharedan additional $86,000 based on their transactions amounts. DowChemical Employees had paid an interest rebate for 49 of the past50 years.
-
Banks maintain lists of consulting firms that they trust to help troubled commercial borrowers to fix their businesses. These specialists say they're getting more calls, especially in areas such as multifamily and CRE, from business owners who need help.
7h ago -
Nearly 15 years ago, Les Lieberman and other organizers of Porticoes Capital used a shelf charter to buy a spate of failed banks. Now they're hoping to replay the strategy.
10h ago -
The financial services company has found that engineers report higher satisfaction and save time when using a copilot to assist with coding.
May 2 -
The embedded banking services Amazon offers to third-party sellers come from the hidden hand of JPMorgan Chase's corporate payments arm, which markets its services to e-commerce platforms on a white-label basis.
May 2 -
The embattled Long Island bank unveiled a turnaround plan that involves selling noncore assets and diversifying its commercial loan book. But first, it will need to sort through credit-related challenges in its large commercial real estate portfolio.
May 1 -
During this week's Federal Open Market Committee meeting, officials voted to lower the cap on the amount of Treasury securities that can roll off the central bank's books each month from $60 billion to $25 billion.
May 1