Kinecta Financial & Insurance, a wholly owned CUSO of Kinecta FCU, said it plans to introduce its own trust department "within the next 30 days." The trust department will offer the writing of trusts, investing of assets, and third-party fiduciary services, according to Leonard Gzesh, chief operating officer for the CUSO. The third-party fiduciary services will be provided by the CUSO's investment advisor, Linsco Private Ledger and its Private Trust Co. subsidiary, Gzesh told The Credit Union Journal.
-  The Billings, Montana-based bank finds itself in the crosshairs of a high-profile activist investor. On Thursday, it stuck to its organic growth plan and said it isn't interested in using its excess capital to restructure its securities book. 9h ago
-  Top SBA lenders are warning about the impact of a prolonged shutdown. NewtekOne skipped providing fourth-quarter guidance after its CEO said the situation was too cloudy to forecast. 10h ago
-  The U.K. bank's "Scam Intelligence" tool uses Google's Gemini to analyze images and texts for red flags, aiming to reduce losses from authorized push payment fraud. 10h ago
-  A commonly used standard for property and casualty insurance will offer a carve-out for generative AI liability starting in January. Startups like Testudo, Vouch and Armilla AI stand by to scoop up that business. October 30
-  Until August, Bell was the executive director for loan guaranty service at the Department of Veterans Affairs, where he was credited with growing the program. October 30
-  The 30-year rate dropped just 0.2 percentage points, as Federal Reserve Chair Jerome Powell's recent comments caused Treasury yields to rise. October 30





