This province's credit unions are joining HSBC Bank Canada, The National Bank and other financial institutions on THE EXCHANGE ATM Network to expand and enhance member service. THE EXCHANGE is a shared network of ATMs across Canada that allows cardholders from any participating financial institution to access full function ATM services, including withdrawal and deposit-taking services on a surcharge-free basis. Cardholders of participating financial institutions also have access to 56,000 ATMs in the U.S. to perform withdrawal transactions without being surcharged. Several Ontario credit unions are already live on THE EXCHANGE Network; the rest will follow over the next few months. When all credit union ATMs are online with THE EXCHANGE next spring, credit union members will have convenient access to 1,700 ATMs across Canada for surcharge-free deposits and withdrawals.
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The top five banks and thrifts have combined total assets of nearly $13 trillion.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
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The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
11h ago