Employees at three credit unions here-Cabrillo, Carlsbad City and Sharp CU-have donated $5,000 that had been earmarked for an annual holiday party to Habitat for Humanity to support hurricane relief efforts. Cabrillo CU CEO Robin Lentz said the idea was suggested by one of its employees. "I am so pleased that I have employees who would give up their annual party to help others," said Lentz. In addition, six branches of the three partner CUs also asked members for donations to the Red Cross, raising another $5,400 in the process.
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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.
7h ago -
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.
8h ago -
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.
11h ago -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
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.
April 25