HUNTSVILLE, Ala. - (09/02/05) --Credit unions across the country havequickly responded to Hurricane Katrina with local fundraisingefforts. The four branches of Redstone FCU here, for instance, istaking donations for the American Red Cross. In Philadelphia,American Heritage FCU announced it is accepting cash, coins,deposits, CU MasterCards and transfers to aid Hurricane Katrinarelief, and will match all donations. In Pensacola, Florida, theaptly named Gulf Winds FCU is accepting nonperishable food,mosquito repellent, baby formula, baby food, diapers, antibacterialwipes and liquid, paper products, cleaning supplies and cashdonations for the Red Cross. Others accepting donations includeLangley FCU, Tampa Bay FCU, Security Service FCU, Rock Valley FeCU,Wright-Patt CU and Towpath CU.
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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.
7h ago -
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.
10h ago -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
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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.
April 25 -
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.
April 25