Fitch Ratings said last week it affirmed the long-term issuer default rating and short-term issuer default rating for U.S. Central FCU at AAA and F1+, respectively, a week after U.S. Central reported strong retained earnings growth for 2005. Fitch said U.S. Central's rating "reflects its solid credit fundamentals, particularly the low risk and liquid nature of its balance sheet...U.S. Central's role within the domestic payments system due to its importance in the credit union industry is a key rating factor,"
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Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
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The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
March 31 -
Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
March 31 -
Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.
March 31 -
The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.
March 31 -
American Banker data finds that a majority of executives investing in technology expect payments enhancements in the immediate future as well as further out.
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