TALLAHASSEE, Fla. - (09/14/04) -- With the powerful Hurricane Ivanrapidly approaching the state, the Florida CU League said it hascollected almost $140,000 from credit union officials and employeesfor its Hurricane Relief Fund. The fund has made 82 grants of $500each to credit union volunteers and employees who suffered damagesduring the major storms of the past two weeks, hurricanes Charleyand Frances. League officials are also reminding all credit unionsto the west of this state's capital, where the latest storm isexpected to hit, of its emergency communications system, which hasbeen getting a workout in the past month as the two earlierhurricanes, struck different parts of the state.
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In its latest financial stability report, the Federal Reserve found that asset valuations continue to be elevated and leverage levels remain high, especially among nonbanks like hedge funds and insurance firms.
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Federal Reserve Board Gov. Stephen Miran said the growth of stablecoins and cryptocurrencies will likely impact monetary policy and could lead to lower interest rates.
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The Spanish bank says it can connect small and medium-size U.S. businesses with local market experts on its newly launched digital platform Navigator Global.
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The Pittsburgh-based bank said Friday that it will focus on building 300 branches in high-growth markets by 2030. It also minimized the prospects for another acquisition on the heels of its recent deal for Colorado-based FirstBank.
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Consumers' and merchants' penchant for 0% loans are boosting the buy now/pay later lender in its first fiscal quarter ended Sept. 30, as gross merchandise volume hit a record.
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HoldCo Asset Management drops its pursuit of proxy battles with Columbia Banking System and First Interstate; Cape Cod's Mutual Bancorp prepares to acquire Bluestone Bank; Servbank HoldCo announces plans to acquire IF Bancorp; and more in this week's banking news roundup.
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