SCRANTON, Pa. - (02/03/05) -- With the Super Bowl set for Sunday,Tobyhanna Army Depot FCU has created a Philadelphia EaglesShare/IRA Certificate promotion to honor Pennsylvania's participantin the NFL Championship Game. The CD has a 39-month term and a$3,900 minimum and will pay a 39 basis point (0.39%) bonus overcurrent rates should the Eagles win. The magic number 39 representsthe number of Super Bowls since the first game in 1967. The rate is3.90% if the New England Patriots win, but 4.29% if the Eagles win.All new accounts are also given a 2005 Silver Eagle coin as apremium. The promotion received coverage on local TV.
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The bank is launching KeyVAM, a virtual account management offering it designed with fintech Qolo. Both companies said the nature of the relationship was as important as the technology it produced.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
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