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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Financial literacy advocate John Hope Bryant has joined with a Los Angeles-based developer in an effort to raise up to $300 million from banks to preserve and construct low-income housing around the country.
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AI is transforming legacy modernization efforts as Wells Fargo builds systems for agents to take on humanlike tasks and interact with one another.
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The buy now/pay later firm, which reports earnings Thursday, has inked deals with Worldpay to expand potential borrowers and with New York Life to obtain more capital for future lending.
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A bottleneck at the Small Business Administration in clearing federal small business loans because of the ongoing federal government shutdown is becoming an increasingly urgent issue for small and even some midsized banks.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
October 31




