GLASTONBURY, Ct. - (01/27/05) -- Credit union outsourcer OpenSolutions Inc. said it plans to raise as much as $145 millionthrough an offering of subordinated debt. The company plans to usethe proceeds for general corporate purposes, including potentialacquisitions. OSI said it will float $125 million of seniorsubordinated convertible notes due 2035, and grant purchasers a30-day option to buy as much as $19 million more.
The consumer price index rose 0.4% last month, in line with July's reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
I don't go in much for 9/11 retrospectives. I've never seen any documentaries about it, never seen any movies about it, never read any books. I don't need to. I saw the event itself.
Less than half the information banks share under the program relates to money laundering or terrorist financing, by Fincen's own count. Most is fraud.
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
New York's Arrow Financial and Pennsylvania's First Commonwealth Financial were seeing their insurance revenue grow before they announced agency purchases this week. Prior to 2025, banks were shedding their insurance agencies.
The AI company has debuted ChatGPT for Financial Services, an enterprise tool that may threaten the role of junior analysts at investment banks.
