- ALEXANDRIA, Va.(05/18/01) - UniTrust Financial Services, a CUSO owned byseven northern Virginia credit unions, on Thursday introduced aone-stop personal financial management planning service for itscredit unions' 200,000 members. The new service will allow membersto sit down for one-on-one financial management help and accessonline investment services through their own credit union. The CUSOhas contracted with CUNA Mutual Group's Member Development Corp.for brokerage services. The participating credit unions areCommonWealth One FCU, department of Veterans Affairs FCU, ArlingtonVirginia FCU, Transportation FCU, Genesis FCU, Fairfax CountyEmployees FCU and Fort Belvoir FCU.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
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Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
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Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
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Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
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CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
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Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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