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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The top five banks and thrifts have combined total assets of nearly $13 trillion.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
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The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
April 23