TUKWILA, Wash. - (06/03/04) -- Boeing Employees CU said it plans tolay off 70 employees, 8% of its workforce, an a bid to trim costs.The layoffs, to take effect July 1, will cut across all departmentsand include both management and staff. All affected employees willreceive severance pay and career counseling. The $4.6 billioncredit union employs 800.
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Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
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Tests of models from OpenAI, Google and others found their advice tends to disadvantage names commonly associated with racial minorities and women.
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Federal Reserve Governor Michelle Bowman said she believes there is a feasible path forward for the revised capital reform proposal, emphasizing the importance of making broad changes informed by industry feedback to achieve broad consensus among Federal Reserve board members.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.
April 17