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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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
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Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
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The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25