MADISON, Wis. - (12/16/04) -- The National Labor Relations Boardsaid it is preparing to issue a complaint against CUNA Mutual Groupfor unfair labor practices, including efforts to aid an attempt fora decertification of the company's union and to separate it intodifferent bargaining units. The charges, which must now beadjudicated by the National Labor Relations Authority, allege thatCUNA Mutual engaged in a number of anti-labor activities, includingthreatening of members of the union, the Local 39 of the Office andProfessional International Employees Union, bypassing the union todeal directly with employees on labor negotiations, and aiding andpossible initiating the efforts to separate white collar workersfrom the main bargaining unit. "If the company wants to fight itout we can fight it out," Kurt Kobelt, a union attorney told TheCredit Union Journal. "But we hope this will get the company to goback and reassess their bargaining tactics." Sydney Lindner, aspokesman for CUNA Mutual, said that the union's complaints dealtwith a large number of issues, many that were rejected. Others, shesaid, focused on events that occurred last spring and have beenresolved.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
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Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
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Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
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Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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