BOSTON – Telephone Workers’ CU became the latest Telco credit union to de-emphasize its roots, changing its name to Liberty Bay CU.
The new name is meant, instead, to emphasize the $530 million credit union’s 2005 conversion to a community charter covering greater Boston.
The 91-year-old credit union, one of the oldest in the nation, is moving its headquarters from the heart of downtown Boston to Braintree, 20 miles south of Boston.
Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
Federal Reserve Gov. Michael Barr appears to be among the majority of monetary policymakers who foresee at least one more rate hike before the end of the year.
UBS wants to keep its advisors happy and in their seats. As a result, its 2027 compensation policies avoid the usual grid-update mixture of "good news, bad news."
Banks are playing a key role in financing the buildout of artificial intelligence. If the industry falters, they will have much to lose — and that would be bad news for the global economy.
Industry lawyers and experts say the latest wrinkle in a long-running LPL-Ameriprise recruiting dispute shows why advisors should strongly consider retaining their own legal counsel when changing firms.
First Financial Bancorp in Cincinnati named Chief Financial Officer Jamie Anderson as president. The move positions Anderson as heir apparent to CEO Archie Brown, according to one analyst.
