QUEENS, N.Y. - (10/15/04) -- More than 75 senior citizensgathered in a ground-floor conference room in Melrose CU this weekto celebrate the opening of the new Briarwood Senior Center. Thegroup lost its previous home this summer in the Briarwood JewishCenter to another group that could afford to pay more rent and wasunable to find a satisfactory replacement site. After hearing oftheir plight, credit union officials offered their conference roomto the seniors free-of-charge. Elderly members could be seen at thecredit union during this week's grand re-opening playing cards,chatting with friends or participating in exerciseclasses.
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A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
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Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
March 27 -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
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