BATON ROUGE, La. - (09/08/05) While the city of New Orleans is stillbeing evacuated, a number of surrounding parishes have allowedresidents in to assess the damage to their homes and collect someof their belongings, according to Louisiana CU League's AliciaBlanda, who was happy to report that her own home in JeffersonParish had suffered only minor damage. We were incrediblylucky, she told The Credit Union Journal. We havesome water damage from a window that blew out, but we had no floodwaters in the house because we're located on the west bank of the[Mississippi] river. Blanda said she was thrilled to be ableto check out her house but was unable to assess the damage in anyof the neighboring parishes. The National Guard has the arealocked down neighborhood by neighborhood, so all you can do is getin to your own home and get right back out, she related.I'm so glad the National Guard is here. You're able to getin to your house until 6 p.m., and then you have to get out.Technically, you could choose to stay, but if you do, you're toldyou are on your own, no 911 service, nothing.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
June 26 -
The global payments platform, which recently expanded to the U.S., also plans to build new autonomous finance and agentic commerce products.
June 26 -
A new lawsuit seeking class-action status alleges that FirstBank Puerto Rico knowingly facilitated Jeffrey Epstein's sex trafficking operation by failing to enforce basic anti-money-laundering and know-your-customer rules.
June 26 -
Pinnacle Financial Partners' headquarters is moving to a new 25-story office tower in Midtown Atlanta; New Jersey-based Provident Bank appoints Adriano Duarte to succeed Thomas Lyons as chief financial officer; Binance will shut down services for customers in France, Italy, Spain and Poland after the exchange withdrew its MiCA licence application in Greece; and more in this week's banking news roundup.
June 26 -
The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.
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