CLEVELAND-NCUA last week took under conservatorship St. Paul Croatian FCU because of the declining financial condition of the $250 million credit union. The credit union, the biggest taken over in Ohio in at least a decade, was chartered in 1943 and serves members of the St. Paul's Croatian Parish in Cleveland. It is unclear why the credit union was taken over because it has 12% net worth and reported a $1.4 million net for the first quarter of 2010.
Los Angeles-based Lendistry recently received a $100 million credit facility from East West Bank to support loans to airport concession operators.
Florida, Georgia, Texas and Arizona are all states where U.S. Bank, which operates mainly in the Midwest and the West, sees growth opportunities.
Many advisors want asset managers to do more than provide access to investments. A new Cerulli report suggests they should emphasize practice management strategies rather than business growth.
The robots, which have the dexterity of a human arm and can open envelopes, remove staples, and scan documents, are being used in its Chicago lockbox and will eventually be deployed in its six other lockbox locations across the U.S.
The crypto company made the acquisition to expand its institutional platform after it received approval from the OCC for a national trust bank charter.
Borrowing against art can offer liquidity without triggering capital gains, but high costs keep it from becoming a first-choice strategy.
