COLORADO SPRINGS, Colo. - (07/11/05) -- Three months after entering theDenver and Pueblo markets, Ent FCU, the state's biggest creditunion, will unveil a new logo and eliminate the 'federal creditunion' from its name this week as part of a campaign to raise itsvisibility. Ent's research found potential members think creditunions offer fewer financial products and services than banks. Entwill debut the new logo Monday in its 19 branches and launch itscampaign Sunday with advertising in newspapers and on radiostations, billboards and bus shelters. Signs on Ent's headquartersand branches will be replaced during the next year. The three-monthcampaign will use much of Ent's $1 million annual marketing budgetand is the largest in the $1.8 billion credit union's 48-yearhistory.
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The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
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The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
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