ALBANY, N.Y. – The Federal Home Loan Bank of New York announced Friday that net income rose 25% for its fourth quarter, to $7 million, allowing the bank to boost its dividend for the quarter to a healthy to 7%. The cash dividend will be paid the New York Bank’s 291 members financial institutions, including 40 credit unions. The Bank paid a 6.25% dividend for its third quarter. The FHLBank of New York said it earned $285.2 million for the year, up 24% from 2005.
Kyle Horn, the owner of a precious-metals dealer in San Diego, says his Bank of America account, which had about $50,000 in it, has been frozen for 18 months. He's suing to get his money back — and to win protections for other customers like him.
Acquiring Huron Valley Bancorp will expand Bank of Ann Arbor's footprint in suburban Oakland County and give it a toehold in a part of that market it's been eyeing.
The conservative-aligned bank still plans to go public, but will do so in a way that bypasses the need for the Federal Reserve's approval. Old Glory's CEO said the Fed failed to approve its recent application because the bank is "pro-crypto."
While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.
Delays in Western Union and International Money Express' proposed merger have forced the companies to refile with antitrust regulators, which could trigger a new 30-day waiting period that could cause further delays.
Paxos Lab's digital token enables users to bet on gold leasing, another hedging option to traditional banking, stablecoins and cryptocurrency amid geopolitical pressures
