ELY, Nev. - (04/10/06) Credit a save for GreaterNevada CU. The Carson City-based credit union came up with a $2,500donation to help the local White Pine American Little League payadditional costs mandated by new safety rules. The little leaguewas forced to replace all of its bats and bases to comply with newsafety rules mandated by Little League International. Therulemaking authority for the nations little leagues requiredthat softer bats be used because the old aluminum bats hit ballstoo hard; and breakaway bases that give ground when a player slidestoo hard or the wrong way into them. The league is also faced withadditional other additional costs for first aid kits, charter feesand concessions stands.
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After passing the Federal Reserve's stress tests with high marks, large banks announced dividend increases. In some cases, they also said the Fed had conceded that certain prior calculations needed to be revised.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
July 1 - Yahoo Finance Feed
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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