ATLANTA - (04/12/05) -- Georgia Power FCU, the multiplegroup credit union chiefly sponsored by the sprawling electricutility, was granted approval to serve all employees in theelectric power industry in 11 southern states, the first TIP(trade, industry or profession) charter provided for a publicutility industry, NCUA said Monday. The TIP charter will allow the$65 million credit union to serve anyone who works in the electricpower generating, transmission or distribution business in Georgia,Tennessee, Virginia, Alabama, Arkansas, Florida, North Carolina,South Carolina, Mississippi, Louisiana and Kentucky. It is just thefourth TIP charter granted by NCUA through the first three monthsof 2005.
-
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
5h ago -
Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
7h ago -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
8h ago - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
9h ago -
A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.
11h ago -
VersaBank in London, Ontario, agreed nearly two years ago to buy a small Minnesota bank. The buyer's CEO says he remains hopeful approval will come soon.
March 27