SAN ANTONIO - (11/07/05) -- Tow of the area's largest creditunions, San Antonio FCU and Randolph-Brooks FCU, have joinedtogether to form a new realty CUSO to help members sell theirhomes. Plans call for the new company, CU Realty Trust of TexasLLC, to offer rebates of up to 20% on a typical realtor'scommission to both members and non-members of the two credit unionswho sell their homes through the CUSO. The company is offering realestate services to clients through an established network ofpre-approved realtors. Buyers and sellers will also be able to postand search for homes on the Multiple Listing Service in SanAntonio, Houston, Austin and several other Texas cities.
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The Atlanta-based parent company of Ameris Bank plans to open a commercial banking office in Tennessee's largest city by the end of the year, as part of its organic growth strategy.
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The head of client segments in Morgan Stanley's wealth division acknowledges AI could one day be the primary source of financial advice for mass affluent clients. Morgan Stanley advisors working with wealthier investors will have to up their games.
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The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."
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The Omaha bank says AI agents halve the time required to research fraud, sanctions violations and money-laundering alerts.
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The shutdown came in the middle of a match, knocking out processing at small businesses, a segment expected to see transactions spike during such an event.
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The Carefull tool integrated into Edward Jones accounts aggregates client accounts and monitors for fraud or mistakes.
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