MADISON, Wis. - (08/12/04) -- The unusual effort by CUNA MutualGroup professional employees to form their own collectivebargaining unit is being seen as creating a major new impediment tosettling the six-month-long labor impasse. John Peterson, officemanager for the Local 39 of the Office and Professional EmployeesInternational Union, said the rare separation effort, though legal,is sure to complicate efforts to negotiate a final settlement withCUNA Mutual and even drag out the process longer. He said hebelieves the company will want to determine whether the break-awaygroup qualifies for a separate unit before agreeing to a finalcontract with the current union. "They're going to want thepetition and the vote (on a new unit) to occur before they finishnegotiating with us. I don't really see a settlement occurringbefore then," Peterson told The Credit Union Journal.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








