ALEXANDRIA, Va. - (11/21/05) -- Christiane 'Gigi' Hyland was swornin to the NCUA Board Friday, bringing the panel to its fullcompliment of three members for the first time in ayear-and-a-half. Hyland, a long-time credit union hand, was swornin by her father, Gerald Hyland, a member of the local FairfaxCounty Board of Supervisors and well known among area credit unionsas head of his own credit union lawfirm. Gigi Hyland, who servedmost recently as general counsel for Empire Corporate FCU andbefore that as vice president for CUNA, joins NCUA Chairman JoAnnJohnson and Rodney Hood, who was sworn in earlier last week, on theNCUA Board. As a result, the NCUA Board will have a full complimentat its monthly meeting Nov. 29 for the first time since the April2004 departure of then-Chairman Dennis Dollar.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
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The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
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The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
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