BROOKFIELD, Wis. - (11/29/05) -- Fiserv said its Investment SupportServices unit has acquired more than 1,000 self-directed IRAaccounts with $48 million of assets from Arrowhead Trust Inc., awholly owned CUSO of Arrowhead CU. The accounts held bothtraditional investments, such as mutual funds, and alternativeinvestments, like private equity, real estate, mortgages and trustdeeds. Fiserv is the largest independent custodian that administersboth types of assets in retirement accounts, and has 320,000accounts and custodian accounts with $38 billion inassets
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A report from Democratic staff on the Senate Permanent Subcommittee on Investigations said accounting firm KPMG gave Silicon Valley Bank, Signature Bank and First Republic clean audits despite internal warnings, fraud allegations and apparent risks of failure.
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Each year, American Banker chooses five teams that embody the spirit of collaboration and illustrate how teamwork can have a substantial impact on a bank's top and bottom lines.
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The goal of the regional banking team members is to partner across their respective business lines or service areas to bring in more clients to BofA and to better serve existing clients.
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Led by chief SBA lending officer Anna Chung, the team oversees Hanmi's Small Business Administration lending operation, a longstanding component of the $7.8 billion-asset company's business model.
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Led by Jennifer Warren, who serves as the head of Wilmington Trust, the teamwork resulted in over $2 billion in revenue expansion for the institutional client services division.
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The bank launched Business Essentials, a bundled suite of banking and payment services, following more than a year of development by a cross-functional team from business banking, branch and small business banking, payments, sales and technology teams.
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