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.
-
Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
10h ago -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
11h ago -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
April 25 -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25