WASHINGTON - (12/03/04) -- In a departure from its traditionalelection-eve strategy, NAFCU backed candidates in six open Houseraces in the final days leading up the elections--winning all sixof them. Federal Election Commission reports released Thursday showNAFCU made contributions to Republicans John 'Randy' Kuhl of NewYork; Tom Price and Lynn Westmoreland of Georgia; Thelma Drake ofVirginia; Cathy McMorris of Washington; and Charles Boustany ofLouisiana in the campaign's final two weeks. All but Boustany wereelected for the first time to Congress, and Boustany won the rightto participate in a special run-off later this month againstDemocrat Willie Mount, who is being backed by CUNA. NAFCU sets newhighs during the elections for funds raised, $326,378, andcontributions to candidates and the two major political parties,$294,522.
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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








