PARADISE ISLAND, Bahamas - (08/03/04) During the World Council of CreditUnions International Leadership Institute here, severalrepresentatives of African credit unions lamented they aredesperately short on liquidity to fund loan demand. At the sametime, one Irish credit union rep said his CU is flush withliquidity, as loan demand has been tepid. So why isnt therean international loan participation market among credit unions? Theanswer, according to several people who spoke with The Credit UnionJournal, lies in the fact a loan in one place wouldntqualify as a loan in another. Some credit unions in Africa, forinstance, have sky-high delinquency rates. There is nointernational loan participation market because of the risksinvolved, confirmed the World Councils ArthurArnold.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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