FAIRWINDS Credit Union has hit $1 billion in assets, just five years after closing 1999 at $580-million in assets. "This milestone was celebrated by Crew members at the Ballroom at Church Street in downtown Orlando," said the 115,000-member credit union. "The evening included fun, festivities, and each Crew member was rewarded with a gift for their commitment to making FAIRWINDS Credit Union the success that it is today."
The Atlanta-based parent company of Ameris Bank plans to open a commercial banking office in Tennessee's largest city by the end of the year, as part of its organic growth strategy.
The head of client segments in Morgan Stanley's wealth division acknowledges AI could one day be the primary source of financial advice for mass affluent clients. Morgan Stanley advisors working with wealthier investors will have to up their games.
The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."
The Omaha bank says AI agents halve the time required to research fraud, sanctions violations and money-laundering alerts.
The shutdown came in the middle of a match, knocking out processing at small businesses, a segment expected to see transactions spike during such an event.
The Carefull tool integrated into Edward Jones accounts aggregates client accounts and monitors for fraud or mistakes.
