BRAINERD, Minn. - (09/16/04) -- Participants in last weekend'sfundraiser for the Minnesota CU Network were all wet. Credit unionexecutives raised more than $3,500 for political contributionsthrough a series of events at the Minnesota league's fallconference, which culminated in the first annual goldfish races.The races, featuring eight fish per races, included qualifyingheats and finals. "This type of fundraiser is an interactive way tobring people into the political process that might not normallyconsider contributing to CULAC or a political campaign," said JoeMathews, chief lobbyist for the league. The funds will go to CUNA'spolitical action committee, known as CULAC.
-
Federal Reserve Vice Chair Philip Jefferson said in a speech Tuesday that despite positive employment readings in recent months, he remains concerned that an economic shock could still threaten the labor market.
5h ago -
Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
8h ago -
The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
9h ago -
The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
10h ago -
The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
10h ago -
Swiss banking giant UBS tried to get a federal court to reject new allegations that Credit Suisse, which UBS acquired in 2023, had concealed Nazi-linked assets.
11h ago










