WALNUT CREEK, Calif. – Pacific Service CU rolled out a new CD with blended pricing. Called the “7 for 11” CD, it pays a 7% rate for 11 months on the first $10,000 of a $50,000 deposit. The remaining $40,000 or more may be invested for any term of 12 months or longer (maximum of 60 months) at the credit union’s prevailing rate for the term selected. The credit union’s current rates are 5% for 12 months and longer.
The $736 million Orange County bank had faced a smattering of enforcement actions over the years, including for concentration risks, governance issues and questionable insider transactions.
As the U.N. renews its call for $1.3 trillion a year in climate finance, four leaders in climate finance say the biggest question for advisors is where that money goes.
The National Association of Insurance Commissioners responded to a query from Sen. Elizabeth Warren about risks to policyholders stemming from private-equity ownership of life insurers.
The platform had a lawsuit filed against it by New York officials this week as the latest in a series of cases against prediction markets on the state level.
The Canadian bank's U.S. operations experienced challenges following a large acquisition on the West Coast. But the bank is now making good progress, according to a top BMO executive.
As AI threatens firms' lucrative business managing uninvested cash, Schwab gives its RIA partners a new way to keep clients' cash holdings sticky.
