PENSACOLA, Fla. – Officials with Escambia County have approved a $1 million grant for Navy FCU to help the credit union giant expand its call center here.
The $40 billion credit union plans an $81 million expansion which it says will create 800 jobs and only gets the money if the jobs come through.
Navy Fed is getting similar financial incentives from the state of Florida in exchange for delivering the new jobs.
The new facility is scheduled to be complete in 2011.
Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
Swiss banking giant UBS tried to get a federal court to reject new allegations that Credit Suisse, which UBS acquired in 2023, had concealed Nazi-linked assets.
Jamie Dimon said the revised Basel III plan still overstates risk and penalizes the largest banks.
