WARNER ROBINS, Ga. - (03/23/06) Robins FCU said it plans toaward $20,000 in college grants this year through its MostExcellent Senior Team Scholarship program. The credit union willaward five four-year scholarships of $4,000 to graduating highschool seniors who have been accepted and will attend a college,university or vocational school in 2006. The scholarships are basedon a one-page essay, scholastic performance, extracurricular andcommunity activities, letters of recommendation, and level offinancial need. Robins FCU has awarded more than $110,000 incollege grants through the program since 1997.
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The bank is launching KeyVAM, a virtual account management offering it designed with fintech Qolo. Both companies said the nature of the relationship was as important as the technology it produced.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27