ORLANDO, Fla. - (04/01/05) More than 140 credit union executiveswere on hand yesterday when The Credit Union Journal kicked off itsSEG & Business Development Conference here. Discussion was farranging, but a number of presenters emphasized that they werecontinuing to place an emphasis on select employee groups (SEGs)even after moving to a community charter. In the case of TravisCredit Union in California, Steve Langley, VP-sales and service,said it now refers to the groups as PEGs: Partner Employer Groups.A lot of credit unions think were going community,sowe can forget about our SEGs, and thats going to begreat, said Gary Lanier, senior VP, sales and memberservices with Eastern Financial Florida CU. You cantforget about your SEGs.
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The top five banks and thrifts have combined total assets of nearly $13 trillion.
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After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
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The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
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The bank will use biometric authentication to streamline checkout in stores starting in 2025. It has already completed internal and external pilots of the technology.
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Banks reported nearly $27 billion had been tied up in scams or theft against elderly people in a recent 12-month period, according to a report from the U.S. Treasury.
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The Federal Deposit Insurance Corp. says it's ready to wind down the global systemically important banks. But until that happens, many in the banking industry are skeptical that regulators have actually developed a workable strategy to end "too big to fail."
April 22