SEATTLE - (04/10/06) Kids at ChildrensHospital and Regional Medical Center got a new rainbowor atleast the means to color their owncourtesy of Group HealthCU. The $225 million credit union collected almost 5,000crayons4,788 to be exact--at its four branches and mainoffice over the last two months and donated them all to thehospitals Operation Crayon. GHCU attached a $500 check whichthe hospital can use to buy another 5,000 crayons. The hospitalgives out more than 240,000 crayons a year to sick or injured kidswho stop by for emergencies or for extended stays. But the kids aregiven just four each because of a limited supply. The creditunions generosity was the pay-off to a Super Bowl bet creditunion officials lost with Pittsburghs PA Health Care CUbecause the Pittsburgh Steelers beat Seattles Seahawks inthe NFL Championship game.
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BNY, Huntington Bank, U.S. Bank, American Express, Visa, Mastercard, Stripe, and Coinbase are just a few of the companies that have signed on to use the dollar-backed stablecoin issued by technology firm Open Standard.
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Securities and Exchange Commission Chair Paul Atkins said tokenized bank deposits are likely to be a reality in 2027, and added that he is working with banking agencies on digital assets and capital requirements.
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After two different community bank M&A deals, Flagstar Bank consolidated its data centers from six facilities to two as part of its tech integration strategy.
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The bank deepened its relationship with Circle Internet Group, letting institutions store, transfer, mint and burn USDC.
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As a subsidiary of Bank of America, Merrill uses a BofA software program to monitor and report suspicious activity. For years, the Securities and Exchange Commission says, that program fell short.
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The Federal Deposit Insurance Corp. says executives "gambled" with depositor funds, while the former parent company argues regulators are using hindsight to second-guess what were reasonable business decisions at the time.
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