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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The Toronto-based bank named Rahul Nalgirkar as incoming finance chief. Nalgirkar, who joined BMO in 2022 from Fifth Third, will succeed the retiring Tayfun Tuzun, who came to BMO in 2020 after working at Fifth Third.
32m ago -
Alan Childs pleaded guilty to using straw borrowers and falsified loan records to help a timber businessman secure millions in fraudulent loans.
41m ago -
Former employees at First Horizon Bank and M&T Bank committed crimes by misappropriating customer data and stealing money from a customer's bank account.
48m ago -
Andrew Foster, the bank's chief data officer, explained how he has been instilling data discipline across the organization and making the bank's data AI-ready.
1h ago -
The Office of the Comptroller of the Currency will announce Senior staffers overseeing large, regional and community banks early next month, apparently reversing the unified approach to supervision it implemented earlier in the year.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
9h ago