LONG ISLAND CITY, N.Y. – United Nations FCU put its own imprint on this city’s skyline this week with the opening of its new 17-story headquarters, the tallest office tower to open in this suburb of Manhattan in 17 years. The $2.5 billion credit union will occupy the first seven floors of the $65 million building, the tallest opened in the neighborhood since Citigroup built its 50-story structure in 1989. UN FCU celebrated the opening with a $15,000 contribution to one of its neighbors, The Floating Hospital, which opened in 1866 to travel the five boroughs by waterway and recently opened its first land-based clinic nearby.
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The ICBA files a suit to stop the OCC from its charter spree, and the CFTC wants to change the rules to bring prediction markets under its regulatory remit.
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Former bank CEOs David Provost and Chip Reeves assumed control of Parkway Bank on Thursday. They plan to use the $3.7 billion-asset bank as a springboard for organic growth and potential M&A throughout the Midwest.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
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The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
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The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
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More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
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