DAYTON, Ohio - (03/07/05) -- Members of AFL-CIO unions joinedabout 30 employees of DayMet CU walking a picket line Friday, as astrike at the $75 million credit union stretched into its fifthweek. Officials with the Office and Professional EmployeesInternational Union, Local 98, claim credit union officials refuseto negotiate and have hired replacement workers. Unionrepresentatives said the union is looking for a pay raise, insteadof annual bonuses, as employees have been compensated the pasteight years, and health insurance for all hourlyworkers.
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The Federal Reserve's new chair wants to change the way the central bank communicates with markets and the public. What those changes ultimately amount to could represent a major shift in an agency that has made transparency a guiding light for decades.
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
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The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
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The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
June 22 -
The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
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