LOWELL, Mass.–Jeanne D’Arc Credit Union has opened a new 53,000-square-foot coporate headquarters here. The new building is at One Tremont Place, the site of the historic Tremont Yard & Mills. To mark the opening, the $735-million credit union hosted a gala that included numerous local dignitaries. The credit union has a long history in the town and is among the nation’s oldest, having been founded in 1912.
Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
Swiss banking giant UBS tried to get a federal court to reject new allegations that Credit Suisse, which UBS acquired in 2023, had concealed Nazi-linked assets.
Jamie Dimon said the revised Basel III plan still overstates risk and penalizes the largest banks.
