ALBANY, N.Y. – The Federal Home Loan Bank of New York said it has awarded an $850,000 grant to Sunmark FCU to help improve and rebuild the City Mission of Schenectady homeless shelter. The funding will be used to add 20 beds to the 43-bed 50-year-old shelter, as well as to upgrade the electrical system, build a commercial laundry, and convert an unused kitchen into a shower and bathroom. Sunmark will sponsor and administer the renovation project.
Kyle Horn, the owner of a precious-metals dealer in San Diego, says his Bank of America account, which had about $50,000 in it, has been frozen for 18 months. He's suing to get his money back — and to win protections for other customers like him.
Acquiring Huron Valley Bancorp will expand Bank of Ann Arbor's footprint in suburban Oakland County and give it a toehold in a part of that market it's been eyeing.
The conservative-aligned bank still plans to go public, but will do so in a way that bypasses the need for the Federal Reserve's approval. Old Glory's CEO said the Fed failed to approve its recent application because the bank is "pro-crypto."
While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.
Delays in Western Union and International Money Express' proposed merger have forced the companies to refile with antitrust regulators, which could trigger a new 30-day waiting period that could cause further delays.
Paxos Lab's digital token enables users to bet on gold leasing, another hedging option to traditional banking, stablecoins and cryptocurrency amid geopolitical pressures
