LAS VEGAS - (05/18/06) The next markets for CUSOs willbe found in trends such as Internet connectivity, the flow of moneyfrom the U.S. overseas via remittance payments, and the aging ofthe population to inspire new goods, products, services andexperiences, according to one industry analyst. Lisa Renner, theCEO of CU Holding Co. and Beyond Marketing, told NACUSOsannual meeting that CUSOs, especially those with multiple creditunion owners, have clearly demonstrated the benefits of sharingexpenses, risks and rewards. The challenge now, she said, lies ingetting CUSOs in place to seize upon opportunities presented bythose market trends.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
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New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
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Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
April 19 -
The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
April 19