Texas league CEO Dick Ensweiler will be doing a little fundraising via some freefalling-he is seeking to raise money for the TCUL PAC with his first-ever skydive. Because Ensweiler has opted for the "accelerated freefall" plan which calls for his first jump to be entirely solo-eschewing a tandem jump where he would be strapped to an instructor as being "for the weak at heart"-Ensweiler will first undergo a six-hour class to learn proper technique and safety. Contributors will be allowed to witness the 13,000-foot jump from the ground. The jump is slated for Dec. 18. Suggested contribution levels include: the $1,000 Golden Parachute Level, the $750 Air Dancer Level, the $500 Free Fall Level, the $250 Belly Flop Level, and the $100 Nose Dive Level.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
2h ago -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
10h ago -
Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.
March 27