ALBANY, N.Y. - (08/02/04) -- The Federal Home Loan Bank of NewYork said Friday it will pay its members a 2.08% dividend for thesecond quarter, up from the 1.58% payout made in the fist quarter.The New York bank told its 340 members, including 28 credit unions,the payout will be below 2% for the remaining two quarters of theyear. The New York bank said it has been hurt by the acquisition oftwo of its biggest borrowers, Dime Savings Bank and Summit Bank asmembers, which were acquired by lending institutions (WashingtonMutual and Fleet Bank) who have membership in other Home LoanBanks.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3 -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
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