WASHINGTON - (10/28/05) -- Just hours after the House votedapproval of a bill to waive the minimum capital standards forcredit unions and banks damaged by Hurricane Katrina, the bill wasreturned to the Financial Services Committee where it was amendedto include those affected by hurricane's Rita and Wilma, as well."We think it's vital at a time like this that we can invest morecapital in the communities and with the residents of thosecommunities to help them rebuild," one credit union lobbyistworking for the capital waivers, told The Credit Union Journal asthe House panel was deliberating over the measure. The amendmenteffectively adds hundreds of credit unions in Texas and Florida, tothose in Louisiana, Mississippi and Alabama to the list of thoseinstitutions eligible for the special relief from capital waivers.The bill must now be returned for a vote by the full House, then goover to the Senate for its deliberations.
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To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
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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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