PORTSMOUTH, N.H. - (01/16/06) Service CU said Friday it hasentered a contract to open seven new branches inside of Wal-Martstores across the state over the next 15 months. It is the firsttime the $1 billion credit union has opened non-traditionalbranches. The states largest credit union plans to offerseven-day-a-week service at the Wal-Mart outlets. The cost of theproject is estimated to be between $1 million and $2million.
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.
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.
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.
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.
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
