ALEXANDRIA, Va. - (12/30/04) -- Pentagon FCU said it has signed withVantisLife Insurance Co., which does business in Connecticut as TheSavings Bank Life Insurance Co., to offer life insurance productsto credit union members. Under the deal, VantisLife will offer theproducts and services through CUSO Financial Service LP, whichprovides broker/dealer services for the credit union. VantisLifeoffers a variety of insurance products, including whole life, termlife, children's term life, and annuities.
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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.
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The AI company has debuted ChatGPT for Financial Services, an enterprise tool that may threaten the role of junior analysts at investment banks.
September 10 - 9/11 Anniversary
The USA Patriot Act passed on an overwhelming bipartisan basis in the wake of the 9/11 attacks, overhauling banks' involvement in anti-money-laundering efforts.
September 10 -
The institution tested USBDC in an international payment ahead of a wider rollout and amid its work on the cross-industry Open Standard stablecoin project.
September 10 -
The global rise of online gambling has created a range of new money-laundering risks for banks and other companies, according to the Financial Action Task Force, an international standard-setting organization.
September 10 -
Federal banking regulators say as many as 188 community banks may qualify for the extended exam cycle following implementation of the measure, which is required as part of the recently passed housing bill.
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