MARLBOROUGH, Mass. - (02/25/05) -- Employees and members of theMassachusetts, New Hampshire and Rhode Island credit union leagueswere happily munching on Philly Cheese Steak subs and Tastycakes,courtesy of the Pennsylvania CU Association. The Philadelphiagoodies represented the payoff of a bet on last month's Super Bowl,in which the New England Patriots bested the Philadelphia Eagles."We appreciate the efforts of the Steelers and Eagles in providingthe opportunity for the Patriots to win their third Super Bowl infour years," said Dan Egan, president of the New England leagues,of the Patriots victories over first the Pittsburgh team, then thePhiladelphia team, to win football's national championship. Thethree leagues had bet a New England lobster bake if theylost.
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The top five banks and thrifts have combined total assets of nearly $13 trillion.
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After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
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The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
April 22 -
The bank will use biometric authentication to streamline checkout in stores starting in 2025. It has already completed internal and external pilots of the technology.
April 22 -
Banks reported nearly $27 billion had been tied up in scams or theft against elderly people in a recent 12-month period, according to a report from the U.S. Treasury.
April 22 -
The Federal Deposit Insurance Corp. says it's ready to wind down the global systemically important banks. But until that happens, many in the banking industry are skeptical that regulators have actually developed a workable strategy to end "too big to fail."
April 22