WEST BEND, Wis. - (06/02/06) Glacier Hills CU will celebratethe grand opening of its new headquarters Saturday with a rate thathasn't been seen since the '80's. The $60 million credit union ispaying 10% on one-year CDs. The one-year rate, more than twice theprevailing rate in this market, hasnt been seen for years inmetropolitan Milwaukee--since 1984. Thats when Ronald Reaganwas president, punk rock was still in, and the CosbyShow was number one on TV. The offering will be limited tomembers with an active checking account or who open one thatday.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





