ST. PAUL, Minn. - (07/05/05) A number of this state's credit unionsare offering help as Minnesota operates with the first partialshutdown of government in its history. Some 9,000 employees havebeen temporarily laid off due to a budget impasse. It was believedfor a while that the Department of Commerce would be among thosestate entities forced to endure the temporary shutdown, thereforehalting examinations and applications for credit unions and otherfinancial institutions. However, continued funding for theDepartment of Commerce was included in a bill that passed justprior to the holiday weekend, according to the Minnesota CreditUnion Network. Among those offering assistance are Affinity PlusFCU and Hiway FCU, both based in St. Paul. Affinity Plus isoffering automatic 30-day extensions for members on loanpayments.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








