New CUNA Mutual Group President and CEO Jeff Post has begun making changes to the company's executive management structure. Post has hired David Lundgren to fill the newly created position of Executive VP-Chief Administrative Officer, while also naming Jeff Holley, who had been acting CEO following the resignation of former CEO Mike Kitchen, as executive VP-CFO. Lundgren will initially oversee the company's information technology, project services, human resources, corporate communications and public relations functions. He served in a similar capacity at Fireman's Fund Insurance Company in San Francisco from 2001 to 2004. Post came to CUNA Mutual from Fireman's Fund. Holley joined CUNA Mutual in 1994 and was named CFO five years later. In addition to leading the company's financial area, Holley will be responsible for Strategic Planning and Corporate Development.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





