WASHINGTON - (11/01/04) -- The new union representing NCUAexaminers charged last week the agency is refusing to negotiate onits first collective bargaining agreement. In a complaint filedwith the Federal Labor Relations Authority, the National TreasuryEmployees Union charged NCUA is engaging in unfair labor practicesbe refusing to enter negotiations. "We think they're just stallingbecause they don't want to negotiate," Sheila McCormick, aspokesperson for the union, told The Credit Union Journal. The newunion, which represents more than 700 NCUA employees--most of themexaminers--was ratified on June 30. McCormick said the NTEU, whichrepresents more than 30 other federal agencies, generally beginsnegotiations within weeks after ratification of a bargaining unit.NCUA officials told The Credit Union Journal two weeks ago theywere preparing for labor negotiations but did not return phonecalls seeking comment last week.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
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New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
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Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
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The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
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