DEARBORN, Mich. - (04/17/06) Dissident members of DFCUFinancial continued building support last weekend for their bid toremove the board of the credit union giant, just before theculmination of a 90-day ballot on converting to a mutual savingsbank, currently in process. Representatives of DFCU Members Unitedwere demonstrating outside of the credit unions main officeson Easter weekend, while continuing to collect signatures on apetition urging a special meeting to recall the board. Theconversion opponents hope to be able to stage their ouster bidbefore members are scheduled to ratify the vote on the charterswitch at a June 21 special meeting. The group believes it hassurpassed 2,000 member signatures to a petition needing just 500names in order to force a showdown at a special meeting. Meantime,picketers bearing signs that read, Save My CU, andDont Make Our Credit Union A Bank,demonstrated outside DFCU offices in Oakwood Beach and Livonia toshowcase their opposition to the controversial credit unionconversion. Margaret Blohm, a spokesman for the dissident members,said her group will continue to run ads in local newspapers tocounter a phone-calling campaign by the credit union urging ayes vote on the charter switch.
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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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The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25