TULSA, Okla. - (01/02/06) The wildfires that have streaked acrossportions of Oklahoma and Texas so far havent touched any ofthe credit unions in those areas, according to the Oklahoma CULeague and the Texas CU League. We do have credit unions inthose areas, but we dont know of any that have beenaffected, the OCUL said. We have not heard of anycredit unions that have been affected or any credit union membersor employees who have lost homes, said Allison Castle,TCULs communications director for advocacy. Most ofthese fires are in very rural areas and not really near any creditunion facilities. But with more warm, dry weather expectedover the next few days, more fires could crop up, so the entireregion is on alert. Fireworks on New Years Eve arepretty common, especially in rural areas, but most areas aredeclaring burn bans, which would include fireworks because Texas isjust like tinder right now, Castle noted. The mediahas really done a good job of reporting on this situation, sopeople should be aware of the ban.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
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The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
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