WASHINGTON - (12/17/04) -- Severely wounded soldiers returningfrom Iraq will be able to recover at a new convalescent home withtheir families at Walter Reed Army Hospital here, thanks toPentagon FCU. The credit union's new non-profit foundation helpedfurnish and supply the new Fisher House recovery facility at WalterReed, the hospital's third Fisher House and the 28th Fisher Housearound the country. The credit union Foundation's Military Heroesprogram provided funding for kitchen appliances, linens, food,toiletries, games and furniture to the home where military amputeesand other wounded soldiers convalesce, often with family members,Rocky Mitchell, director of the foundation, told The Credit UnionJournal. The Foundation is working with 'Doonesbury' comic stripauthor Gary Trudeau, who has recently featured the amputees atFisher House in his popular cartoon, to raise funds to renovate theoncology unit of Walter Reed's hospice. A recent series ofDoonesbury strips featured the military amputees recovering atFisher House being treated to free dinners at nearby Fran O'Brien'sSteak House, for which the Pentagon FCU Foundation has contributed$20,000.
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Bankruptcy filings rose 11.9% during the past 12 months, according to statistics from the Administrative Office of the U.S. Courts; JPMorganChase named Jerry Lee and Nick Richitt as global co-heads of health care investment banking; Goldman Sachs appointed Akila Raman as global head of its private and alternatives capital markets business; and more in this week's banking news roundup.
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The all-cash, 750 million euro deal to buy Talon.One marks a notable shift from the fintech's M&A strategy that has historically favored build versus buy.
April 24 -
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
April 24 -
The Federal Deposit Insurance Corp., Federal Reserve and Office of the Comptroller of the Currency Thursday finalized a rule lowering the community bank leverage ratio from 9% to 8% as well as extending compliance deadlines.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
Only 16% of 206 banking pros rated their institution "high" or "very high" — and most of those ratings rest on no formal measurement.
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