CHICAGO - (08/05/05) -- Developmentally disabled childrenand adults at the nearby Clearbrook facility were given a coolingoff on these hot summer days by Alliant CU, which donated ninegallons of leftover ice cream Tuesday to the local non-profit. Theice cream was left over from an employee ice cream social that thecredit union refers to as 'Sundaes on Tuesday with Mooney,' a playon the best-selling book 'Tuesdays with Morrie' and the name of thecredit union's President David Mooney. The ice cream social was toreward employees for hard ward and for enduring the ongoing heatwave. But after senior management, attired in tie-dyed Ben andJerry shirts, had scooped 125 sundaes in two hours, event plannersfound themselves with an excess of nine gallons of ice cream, sixcans of whipped cream, chocolate and caramel syrup, cherries and ahalf-dozen containers of rainbow sprinkles.
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The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it's unusual, as the most well-known stablecoins are on public ledgers, tech firms are warming to the idea.
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Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
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The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
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Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
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The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
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Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
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